Cash Management

Take full control over every aspect of your commercial finances with our Cash Management suite of services and account features. Our scalable suite of cash management services can help you maximize cash flow, manage receivables and help prevent fraud all from your desktop or mobile device.

Meet our Cash Management Banker

Benefits & Features

Maximize Cash Flow

Zero Balance and Target Balance Sweep Accounts

With our Zero Balance Accounts there can be automatic transfers of balances to an overdrawn account to bring your account balance to $0.00. Our Target Balance Sweep Accounts are similar and allow your account to automatically sweep money, based on thresholds you set, to and from checking accounts. This allows businesses to not have to balance accounts daily as funds will be automatically moved as needed between all attached documents.

Deposit and Short-Term Investment Accounts

This service is designed to help you improve your cash flow and manage your finances more effectively. Needham Bank has Business Checking, Business Savings, Business Money Market, and Certificate of Deposit with a variety of rates and terms.

View our rates sheet for details

Electronic Services

Online and Mobile Banking

We know that visiting a branch is often an inconvenient exercise, which is why we have NB Online and Mobile Banking. With this service you get to bank the way you please, whenever and wherever you are. NB Online and Mobile Banking allow business customers to view and manage accounts through our online channel and our highly rated mobile app.

Mobile Check Deposit

Deposit checks when you are on the go. Mobile Check Deposit is any easy way to take a picture of your check and have the money deposited into your business account right from your smartphone on our NB Mobile App.

DirectConnect and WebConnect QuickBooks Integration

This feature allows you to log into QuickBooks and import information from your business internet banking history. This service is great for businesses who like to use external systems for account reconcilement.

Wire Transfer Services

Wire transfers provide a fast, easy method to keep your businesses’ financial operations at peak. This is perfect for bank to bank payments that require addenda records that cannot be supported by ACH, or for payments with strict deadlines. Wire transfer services allow customers to pay vendors or send money both domestically and internationally through the wire networks.

Remote Check Deposit

No time to get to the bank? Remote Check Deposit allows you to deposit checks from your business using a scanner or mobile device.

Definable access levels by user and by account

Definable access levels lets you as a business owner have control. This service allows you to give permissions to and restrict certain user’s access by user and by account.

Fraud Prevention

Positive Pay

Our Positive Pay service is any easy way to have added security and prevent fraudulent activity on your account. Positive pay matches pertinent information from each check against a list of checks authorized and issued by your company. Simply upload a list of issued checks online and we will compare incoming items to your list to prevent fraudulent checks from clearing your account.

ACH Positive Pay

ACH Positive Pay helps you manage ACH debits and credits posting to your account via filters and blocks. This fraud prevention program allows you to determine which electronic payments have been previously authorized by you to clear and which items you have not listed for further review.

Disbursement Services

Account Reconciliation

You can use this service along with the positive pay system to create quick print outs showing outstanding and cashed checks. The Account Reconciliation service reviews your issued check file and all cashed checks during a specified timeframe, which then allows you to print a list of cashed and outstanding check items.

Automated Clearing House Origination

Automated Clearing House Origination provides you with the capability to move funds electronically through the ACH network. Businesses of any size can use this service to directly deposit or withdraw funds from your customers’ accounts at any financial institution. ACH Origination is used primarily for: electronically paying invoices or payments, payroll direct deposit, collection of invoices, dues or other payments or moving money between other individuals, institutions and companies.

Wire Transfer Services

Wire transfers provide a fast, easy method to keep your businesses’ financial operations at peak. This is perfect for bank to bank payments that require addenda records that cannot be supported by ACH, or for payments with strict deadlines. Wire transfer services allow customers to pay vendors or send money both domestically and internationally through the wire networks.

Collecting Receivables

Automated Clearing House Origination

Automated Clearing House Origination provides you with the capability to move funds electronically through the ACH network. Businesses of any size can use this service to directly deposit or withdraw funds from your customers’ accounts at any financial institution. ACH Origination is used primarily for: electronically paying invoices or payments, payroll direct deposit, collection of invoices, dues or other payments or moving money between other individuals, institutions and companies. 

Wire Transfer Services

Wire transfers provide a fast, easy method to keep your businesses’ financial operations at peak. This is perfect for bank to bank payments that require addenda records that cannot be supported by ACH, or for payments with strict deadlines. Wire transfer services allow customers to pay vendors or send money both domestically and internationally through the wire networks.

Wholesale and Retail Lockbox

Lockbox services allow you to have your incoming check deposits sent to a P.O. mailbox and then have a third-party handle the processing on behalf of your business. Our Wholesale solution is intended for clients who want to get their money into the bank faster, reduce the time needed to process their receivables, and automate their receivables process. Retail lockboxes are intended for use by clients with high volume receivables with standardized, encoded payment coupons.

Remote Check Deposit

No time to get to the bank? Remote Check Deposit allows you to deposit checks from your business using a scanner or mobile device.

 

Merchant Services

Accept credit and debit cards securely and conveniently, with lower processing costs and improved efficiency.

 
Account Analysis

Account Analysis 

Account Analysis is the perfect complement for our customers who need Cash Management Services. We’ll help align what products and services make sense for your business and with our competitive earnings credit rate, you may lower or completely offset your Cash Management fees.

Serving Our Clients

The Regal Press, Inc.

“The thing about a community bank is that they take a personal interest.” - Bill Duffey, Founder

Learn more about The Regal Press, Inc.

FAQs

Can I look at all of my transactions at any time?

Yes. With NB Online, NB Mobile, and NB Business Online, and NB Business Mobile you have access to your account information 24 hours a day, 7 days a week.

Knowledge Center

Business Financing Tips for Women Entrepreneurs

Being a woman in business has its rewards and challenges. Explore these helpful business financing tips for women entrepreneurs in MA from Needham Bank.

Learn more about Business Financing Tips for Women Entrepreneurs

Take full control over every aspect of your commercial finances.

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