Cash Management Services
Spend more time on your business, less on your banking.
Save over $675* when you open a business checking account and personalize your cash management services.
Whether your business is just getting off the ground or one that’s generations strong, PeoplesBank offers the innovative banking products, financial resources and local experience to make success possible, here in the Pioneer Valley.
- Introductory order of checks
Receive up to $250 toward your first order of checks
- First 3 months of Business eDeposit
Save time and money by depositing your checks from the convenience of your
office. Get started with first three months free plus free use of the scanner
for as long as you have Business eDeposit - save over $150. - First 3 months ACH origination
Improve your cash flow, reduce operational costs and accelerate your funds availability
by making secure payments electronically, get started with the first three months
of ACH origination free - save $75 or more. - 3 months of Positive Pay
Eliminate the risk of check fraud - we'll automatically match each check presented for
payment against a list of issued checks to ensure accuracy and help eliminate the risk of
fraud. Get started with the first three months of Positive Pay free - save over $150. - First year of Merchant Service processing
Increase revenue and build customer loyalty with convenient payment processing with
Merchant Services. Choose one of the offers below that is right for you:
- $100 off the price of a new terminal
- 1 Year Free - NPC Standard Service Package (supplies)
- 6 Months Free - NPC Service Package (supplies & free terminal replacement)
- 1 Year Free - MyNPCData - online statement viewing - Plus more!
Talk to one of our experienced Business Banking Officers today.
*Offer subject to change without notice.
Managing your daily cash position is an important aspect of growing a successful business. At PeoplesBank, we understand your financial needs and have designed our Cash Management solutions to help you do so.
Information
PeoplesOnline Business Banking
With PeoplesOnline Business Banking, you can access up-to-date account information, view statements & check images, and pay bills - all with the click of a button. In addition, Direct Connect to QuickBooks is available. See Demo
PeoplesOnline Cash Management
In addition to account information, PeoplesOnline Cash Management gives you the ability to initiate ACH transactions, wire transfers, and stop payments. Automated account reconciliation is also available. See Demo
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.
CD Rom
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.
Reconciliation
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.
Investment
Automatic Sweep to Investment Account
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.
Disbursement
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.
Tax Payments
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.*
*PeoplesOnline Cash Management services domestic wires only.
Zero Balance Accounts
Consolidate balances into one main operating account but maintain separate collection and disbursement accounts for recordkeeping 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!
Collection
ACH/Cash Concentration
PeoplesOnline Cash Management provides the mechanism for collecting or consolidating funds electronically. By collecting receivables electronically, you manage your payment date and reduce costs associated with bill preparation and deposit processing. And to improve cash flow and reduce inefficiencies, consolidate your funds by initiating electronic transfers via ACH.
Business eDeposit (Remote Deposit Capture)
How Business eDeposit works
- Scan your checks
- Verify and balance deposit information
- Electronically transmit secured deposit and check images to PeoplesBank
- Take a video tour
How Business eDeposit benefits you
- Operates simply
- Saves transportation costs
- Eliminates need to photocopy deposited items
- Accelerates deposit process
- Allows deposits on your schedule without taking a trip to the bank
To hear more about PeoplesBank's Business eDeposit, or for an on-site demonstration, email cashmanagement@bankatpeoples.com or contact Zhen Chen, Margaret Lenihan or David Thibault.
Lock Box
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.
Merchant Services
Customer convenience is a priority for any business and PeoplesBank can help you accommodate your customers through our Merchant Services Program. This program lets you offer convenient, electronic payment methods, such as credit cards, debit cards, gift cards, etc. to your customers while reducing the costs associated with credit card acceptance. Learn More Here.
Additional Services
Courier Service
Armored and non-armored courier service, scheduled at your convenience.
Payroll Processing
Accurate, flexible and dependable payroll processing solutions to meet your payroll needs, regardless of the number of employees.
Night Deposit
This service is available at all of our offices and at some PeoplesBank ATM locations.
Coin and Currency
Coin and currency orders can be filled free of charge at any of our offices.
Secure Email Privacy/Security Identity Theft
