Cash Management

Combine the cash management services you need to manage your funds, speed up transactions, maximize interest, send money and streamline your financial operations. Let us build a package that works just for you.

Receivables 

Remote Deposit

Remote Deposit allows you to scan and deposit checks online into your bank account at your office. With the remote deposit capture service, you have more control over your time as well as your deposits.

  • Benefit from later, daily deposit cutoff times      
  • We’ll provide the remote deposit capture scanner and assist with set up
  • Online remote deposit application provides easy access and security

 Mobile Deposit  - Whether you’re on the road for business or relaxing at home on a Sunday afternoon, you can deposit checks into your Newtown Savings Bank account as easily as taking a photo. Simply sign up for Mobile Deposit in your NSB Mobile app. 

ACH (Automated Clearing House) Origination - Electronically deduct a payment from your customer's bank account (with their permission) using ACH transactions. ACH payments are a secure, convenient way to handle billing. 

Lockbox - With our Lockbox payment processing service, we will receive and process remittance payments into your bank account and provide you a posting file for your Accounts Receivable system.

Electronic Lockbox - Scan coupons and checks right at your office and upload a posting file directly to your Accounts Receivable system. This is the best of both Lockbox and Remote Deposit services. 

Accounts Receivable Consolidation  - Combine different payment files such as ACH, credit cards or Lockbox into one file for upload into an Accounts Receivable management system.

Merchant Services
  • Credit card and debit card acceptance. 
  • Electronic credit card processing.
  • Gift and loyalty programs.

Payables

 

ACH Origination - Improve your cash flow and forecasting. Direct deposit your payroll and process your payments electronically. 

Online Wire Transfers  - Send domestic wire transfers directly from your office and transfer money where it needs to be without a trip to the branch and at a reduced cost.

Bill Pay
  • Pay bills online at any time, day or night, to any address in the United States.
  • Set up one-time or recurring payments days, weeks, or even months in advance.
  • Save time with online bill payment for all your bills in one convenient location. 

Fraud Prevention

 

Positive Pay - Positive Pay is an effective tool to help prevent check fraud

  • Standard Positive Pay -  Protect against check fraud by uploading issued check files to Online Banking. Checks are matched against the issued check file as they are presented to your account for payment. Any exceptions will be provided to you for review - you decide whether the item(s) should be paid or returned.
  • Reverse Positive Pay - An alternative to Standard Positive Pay for companies who are unable to transmit an issued check file to Newtown Savings Bank. Review all checks presented for payment and determine if the item(s) should be paid or returned.
  • ACH Positive Pay - Review ACH activity and pay or return ACH transactions before posted to your account

Administrative Privilege for Online Banking  - Designate an Online Banking administrator to set up user access levels and control employee authorities to account history, transfers, Online Bill Pay, and Cash Management services.

Account Management

 

Zero Balance Account - Maintain zero balance by automatically transferring funds from an operating account in amounts only large enough to cover items presented.

Improve Efficiency

 

QuickBooks (Intuit) Direct Connect 

Access your company’s account information, pay bills and transfer money directly through your Intuit financial management software.  We currently support only the desktop QuickBooks.  We do not support QuickBooks Online.
 

Check Images on CD-ROM  - Never deal with a lost check. Keep extra organized with cleared check images on CD-ROM.

Electronic Data Interchange (EDI)

Receive up-to-date reports detailing addenda information for your electronic credits and debits. The addenda record may include invoice number, customer name, etc.