Send funds to outgoing sources. Or, organize client funds without the hassles of recordkeeping. That’s the benefit of our disbursement services. You can electronically transfer money in a variety of ways. All of which are convenient. None of which should be mind-blowing. It isn’t 1997, after all.
Through Automated Clearing House (ACH), repetitive, time-sensitive payments become efficient, flexible and convenient. Just use your Business Express Internet Banking account to securely transmit your transactions for processing and we take care of the rest.
You save time and money on check preparation and reconciliation while your employees’ paychecks are deposited right into their accounts. It’s a win-win.
Pre-Authorized Customer Payments
If you have repeating or expected vendor payments, consider pre-authorizing them for electronic payment. This simplifies your forecasting, which can improve your cash-flow control, maximize investments and reduce how much you borrow.
Electronic Bill Payments
Some have a passion for paperwork. Others use our electronic bill payments feature to simplify their accounts payable. Neither is wrong, but one of them also eliminates the costs involved with writing and mailing checks.
Transfer company funds practically anywhere in the world in a timely fashion. You can send U.S. dollars or a variety of international currencies. Either from a branch or your online banking account.
Deposit Escrow Sub-Account (DESA)
Easily manage client, tenant or other parties’ deposits in escrow. With a DESA, a “master” checking account will act as the hub for individual interest-bearing savings accounts. Business Express Online Banking is used to move funds in and out of sub-accounts, and we handle all annual tax reporting and notices for you. We also send year-end interest checks to you.
Electronic Tax Payments
Another feature you’ll find in your online banking account: You can pay your federal and state taxes electronically from anywhere. Easily? Yes. Conveniently? You bet.
Contact our cash management team.
If you have any questions about our disbursement services, call 978-567-3552, email [email protected] or complete the form below.