Needham Bank deposit products:
Needham Bank deposit products:
Simplify Your Business Finances with Smarter Cash Management Solutions
Simplify Your Business Finances with Smarter Cash Management Solutions
Gain greater visibility and control over your incoming and outgoing funds with solutions designed to simplify day-to-day financial operations.
Deposit and Short-Term Investment Accounts
These accounts are designed to help you improve your cash flow and manage your finances more effectively. Needham Bank offers Business Checking, Business Savings, and Business Money Market accounts, as well as Certificates of Deposit with a variety of rates and terms.
With our Zero Balance Accounts, balances may be swept into or out of subsidiary accounts as needed.
Our Corporate Sweep Account is similar and automatically sweeps money, based on thresholds you set, to and from other accounts. This allows businesses to avoid balancing accounts daily as funds will be automatically moved as needed between all linked accounts.
Protect large cash balances with Extended FDIC Deposit Insurance, offering coverage beyond standard FDIC limits while keeping your funds consolidated through a single banking relationship. Learn how it can help safeguard excess deposits.
Move money securely with digital payment solutions that help your business operate more efficiently.
Send and receive payments electronically through the Automated Clearing House (ACH) network. ACH services can help automate payroll, vendor payments, and customer collections.
Send domestic and international wire transfers quickly and securely to vendors, suppliers, and business partners.
No time to get to the bank? Remote Check Deposit allows you to deposit checks from your business using a scanner or mobile device.
Accelerate receivables processing with Wholesale and Retail Lockbox solutions that help reduce manual check handling and improve cash application efficiency.
Accept credit and debit card payments securely while improving payment processing efficiency and customer convenience.
Manage your finances anytime, anywhere with integrated business banking technology.
Our digital banking tools allow you to:
Protecting your business accounts is more important than ever. Our fraud prevention tools add multiple layers of security to help safeguard your business from unauthorized transactions and payment fraud.
Manage employee permissions with customizable user profiles and account access settings.
Benefits:
At Needham Bank, we know your business banking needs are unique. Our experienced Cash Management specialists take the time to understand your business and recommend customized solutions that support your goals today and as you grow.
Spend less time managing finances and more time focusing on your business.
Our Cash Management team is ready to help you create a tailored solution that improves efficiency, enhances security, and supports your long-term growth.
Cash management is a business strategy designed to maximize cash flow, save money, and reduce the amount of time you spend on your business’s finances.
An example of cash management could be setting up automatic payments to avoid late fees. Another example could be using lockbox services to get money into your account faster and more safely.
Cash flow management is all about tracking money as it comes in and out of your business. Analyzing data related to how much your business spends and makes can help you balance and optimize your profits and expenses.
Managing cash flow efficiently can look different for every business, so the best tip we can give is to work with a trusted financial partner like Needham Bank to build a custom solution that will save your business time and money.
Accounts receivable is not the same as collections, but they are related! Accounts receivable is money owed to you, while collections is the process of recovering that money.
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.
