CASH MANAGEMENT
Business banking isn't just where money sits.
It's how money moves.
Every business manages money differently.
Payments go out. Deposits come in. Balances need to stay accessible. Fraud risks need to stay controlled.
Cash Management helps bring those moving pieces together.
Payables
Leverage the speed and convenience of technology to maximize efficiency of your payables, and ensure bills are paid securely. Our robust set of products make it easy, whether you want to:
- Process payments via online wires or ACH
- Pay bills online
- Establish automatic transfers or recurring bank transfers to manage balances to cover bill payments
- Make on-site payments quickly with a debit card or earn points with a credit card
- Add a layer of security to ensure checks you write are deposited accurately with positive pay
Receivables
Efficiently receiving and managing account receivables is critical to any business's bottom line. At Northeast Bank we provide a range of cash management solutions designed to help capture customer payments quickly. Our team is here to help, whether you need to:
- Set up merchant services to receive customer payments
- Collect funds via ACH with next-day settlement
- Deposit checks remotely with Remote Deposit Capture scanners or via mobile check deposit
- Direct payments to lockbox service to process payments for you
- Leverage cash collection via an armored car that will pick up your prepared deposits and deliver them to the bank to deposit for you
Escrow Manager
Northeast Bank’s Escrow Manager platform is an online sub-accounting system that allows for easy accounting and management of escrow funds. With Escrow Manager you can do the following without contacting the Bank:
- Open, manage, and close an unlimited number of escrow accounts under one Master Account
- Search and view escrow account history
- Retrieve mid-cycle balance reports and historical statements for the Master account and sub-accounts
- Extract your escrow data for further analysis
Online & Mobile Banking
Manage your accounts easily with Northeast Bank’s online and mobile banking platform where you can conduct day-to-day transactions like ACH, wires, bill pays, transfers and download your information into your financial management software.
Safety & Security
Security is of utmost importance to Northeast Bank. We offer multiple layers of protection from access to expanded deposit insurance, account alerts, positive pay, ACH blocks and filter, dual-control capabilities, and account reconciliation services to secure access to online and mobile banking. Nothing is more important to us than protecting your money.
Contact Us
Fill out this form or call 888.216.0250, and a member of our Cash Management team will contact you within one business day.