Spend more time on your business, less on your banking.
Cash Management services are an important aspect of managing the cash flow of your business. Our Cash Management team will work with you to select the solutions that are right for you now and combine them with others as your business needs grow.
In addition to viewing up-to-date business account information including check images and account statements, you are able to establish individual users with specific entitlements and transaction controls. Additional products available and requiring additional documentation include wire transfers, ACH transactions, fraud mitigation tools, automated reconciliation services, and Business eDeposit.
Business eDeposit (Remote Deposit Capture)
PeoplesBank Business eDeposit enables you to make deposits electronically.
Scan your checks
Verify and balance deposit information
Electronically transmit secured deposit and check images to PeoplesBank
NEW Business eDepositPlus
With Business eDepositPlus you get all the benefits of Business eDeposit with the ability to process and capture payment information. Learn more.
Integrates with accounting software and QuickBooksTM
Eliminates dual processes, making the collections process faster and more efficient
BillSimple lets your business send invoices, accept credit cards and ACH payments, view customer activity and update customer files. And it’s all online, so you can access the system anytime, anywhere.
*Mobile Deposit available within PeoplesBank Cash Management Mobile App for iOS® and Android™ only.
Expedite the collection of receivables and processing of incoming payments by sending payments directly to the bank. Automating your collection processes will improve efficiencies and increase cash flow.
Automated Clearing House (ACH) Services
Eliminate the need and expense of issuing paper checks by initiating electronic ACH credits via PeoplesOnline Cash Management. This reliable and secure process gives you the flexibility to pay your employees or customers electronically thereby accelerating funds availability, improving cash flow, and reducing operational costs.
PeoplesBank customers can pay taxes through PeoplesOnline Cash Management or by signing up with EFTPS.
Wire Transfer Services
For quick, accurate and secure payments or transfers to accounts throughout the world, initiate domestic and international wires via telephone, fax or PeoplesOnline Cash Management.*
Consolidate balances into one main operating account but maintain separate collection and disbursement accounts for record keeping purposes. By establishing ZBA accounts for your secondary accounts, you eliminate the need to maintain balances in multiple accounts and maximize the use of your cash balances. And best of all, you no longer need to make manual cash transfers!
Check and ACH fraud are growing concerns for businesses today. PeoplesBank can provide you with the tools to help mitigate losses due to fraud.
PeoplesBank's sweep service allows you to invest idle balances while maintaining liquidity. On a daily basis, any excess funds above a predetermined required balance are automatically transferred to the investment account. If the balance falls below that required balance, funds are swept back into the checking account to cover disbursements on a daily basis.
* The Investment Account is not a deposit of, guaranteed or an obligation of the bank, is not insured by the FDIC or any federal government agency or other type of deposit insurance, and may be subject to risk and loss of principal.
Automatic Sweep to Line of Credit
Based on a required balance in your checking account, PeoplesBank's loan sweep option automatically pays down your line of credit from excess funds whereby minimizing interest expense. And as needed, the loan sweep advances from your line of credit to meet your daily cash needs.
Eliminate manual reconciliation and balancing of accounts through PeoplesBank's Account Reconciliation Services. Depending on your business needs, we will provide a solution to automate your reconciliation and reporting processes saving you time and increasing your staff productivity.
On a monthly basis, receive a CD-ROM containing your paid check images. Through a locally installed program on your own computer, research your company's paid checks by number, amount or date paid.
Access24 Telephone Banking
Manage your money from any touch-tone phone, anywhere, any day, at anytime. Convenient, simple and secure, this free service lets you transfer funds and check balances.