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Having the cash available to do what you want, when you need to do it, is one of the keys to success for any business. We offer a variety of cash management solutions to support you, no matter how your cash is managed.

A Cash Management Package designed for maximum efficiency.

Our Cash Management Package1 comes complete with everything you need to work smarter.

Business Online Banking

Sign into our Business Online Banking platform and manage your money with a couple of clicks. Look at real time account activity, pay bills, wire money or track deposits. Our technology is fast, effective and secure. Our cash management team is available to support you with your day-to-day needs, so when you need help we’re only a quick call away.

The finer points:

  • Make online payments and transfers to cover expenses
  • Secure portal to find real time information on your accounts
  • View loan balances and make payments
  • Download transaction details in a variety of formats

Mobile Banking with Mobile Deposit

We understand that you don’t have time to come in and see us every day! Luckily, our mobile application is easy to use, allows safe and secure access to your account information, and the ability to complete transactions on the go.

The finer points:

  • View account balances and activity
  • Transfer funds between CSB accounts
  • Save time and deposit checks sooner with mobile deposit
  • Give authorized individuals permission to approve wires or ACH batches

 

Wire Transfers

Send funds domestically or internationally in real time with a simple click or call.

The finer points:

  • Safe and secure method of payment
  • Approve wires using your mobile device when you're on the go
  • Receive incoming wire notification so you know when money is received

ACH Prefunding

Use ACH Prefunding for payroll, employee expense reimbursement, tax payments, vendor payments and more.

The finer points:

  • Simplify electronic funds transfer and maintain better control over payment details and timing
  • Security controls to manage both external and internal security threats

Remote Deposit Capture

Scan checks electronically through our Online Banking system using a scanner.

The finer points:

  • Conveniently deposit directly into your account without leaving the office
  • Gain greater control over your accounts receivable process
  • Ability to make deposits from several locations using multiple scanners

Business Bill Pay

Schedule single, recurring, or future-dated payments to any person or business you would normally pay by check.

The finer points:

  • Set up alerts to be notified when bills arrive or have been paid
  • Pay bills from more than one CSB checking account

Positive Pay

Positive Pay helps to prevent losses and catch fraudulent activity before the money ever leaves your account. We match the checks you issue against ones presented for payment and give you the ability to approve or reject any items that don’t match.

The finer points:

  • Monitor checks processed for payment to prevent check fraud
  • Review and reject unauthorized transactions before losses occur
  • Speed your account reconciliation process by managing cleared checks

Business Debit Card

A convenient, safer alternative to using cash and checks. Plus, it helps you to better manage cash flow and record keeping and you can take advantage of an array of other business and travel benefits.

The finer points:

  • Withdraw money free of charge at any CSB ATM
  • Get free debit cards for additional authorized signers
  • Enjoy added security and protection

 

 

Additional Cash Management Services

In addition to our Cash Management Package, we also offer:

Zero Balance

With our Zero Balance Account*, there’s a lot less manual work to managing your accounts. Funds will automatically "sweep" from your main operating account to cover payroll or other payable-only accounts.

The finer points:

  • Manage multiple accounts from a single, consolidated account
  • Simplify accounting procedure and reduce the time and effort needed to reconcile multiple operating accounts
  • Allows for the concentration of funds for investment or other purposes

* A Zero Balance Account must be linked to a Commercial Checking Account 

Sweep to Line of Credit

Automatically transfer funds between your line of credit and business checking accounts in order to avoid overdrafts or reduce your company’s interest expense.

The finer points:

  • Ensure checks are paid while excess balances are used to reduce expenses
  • Automated service to reduce line of credit interest expense
  • Allows you to maintain checking balances within a targeted range

Escrow Management

We help landlords, attorneys and realtors manage client funds. Whether it’s a security deposit, down payment or retainer, we can hold the money for you and provide year-end reporting on the interest earned.

The finer points:

  • Consolidate funds under one master account with separately managed sub-accounts for your clients
  • Simplify accounting entries and tracking of client funds
  • We manage the 1099 reporting for your clients and the tax authorities

 

1 An Analyzed Business Checking account is required in order to open a Cash Management Package. The monthly fee for a Cash Management Package is $50 and does not include per item costs for these services.

For more information, call your account officer or our Cash Management Department at 617.441.7051.

Contact Us

Click here to read our Business Online Banking Agreement.

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