Cash Management Services

Few things are as important to business success as cash management. Bay State Savings Bank can be your partner in providing you with the cash management services you need to maintain positive cash flow at your business. Our goal is to help you save time while offering you all the services of a cash management program.

At Bay State Savings Bank, our cash management services are designed for a variety of organizations and businesses from non-profits to small or larger businesses. We’d be happy to discuss your options to help you find the best solutions.

Learn more about our Cash Management Services by contacting Jill Wardle at (508) 890-9023 or (800) 244-8161 or by email.

We offer access to your business checking  account information 24/7 through our convenient, safe, and secure online banking. Customers enjoy the following features:

    • View account balances and transactions
    • View account history
    • View check images
    • Transfer funds between accounts
    • E-statements
    • Current day and previous day reporting
    • Stop payments
    • QuickBooks reporting for easier account reconciliation
    • Mobile check deposit

Initiate debits and credits electronically through the Automated Clearing House (ACH) system. Typical ACH applications include the following:

    • Payroll direct deposit
    • Tax payments
    • Corporate payments and collections
    • Vendor payments

By making it easier for you to make and collect payments, a strong ACH system allows you to control money coming in and going out, helping you promote positive cash flow at your organization.

Transfer funds quickly and securely to accounts at other U.S. banks. With our online domestic wire transfers, you can easily pay vendors and suppliers or receive payment, promoting positive cash flow at your business.

Deposit checks right from your computer with your digital check scanner. One of our specialists will visit your place of business to install and explain this very simple process.

    • Scan your checks directly from your office.
    • Each deposit is sent through our secure digital processing website.
    • Your account will be credited within one business day.

Make the most of your excess cash through our Line of Credit Sweep. This is an automated, efficient movement of funds between your business Line of Credit and your Operating Account to reduce the inconvenience of manual transfers and to maximize interest expense control.

Make the most of your excess cash through our Zero Balance Accounting. Zero Balance Accounts are accounts in which a balance of zero is maintained by automatically transferring funds to and from a master account, thus reducing idle balances. Zero balance accounts minimize risk of overdraft fees and maximize funds available for investment.

Make credit card processing convenient and flexible for both you and your customers with our Merchant Services.

    • Process payments for Visa®, MasterCard®, Discover®, American Express®, or bank debit cards
    • Equipment available at competitive prices
    • Local support for installation, training, and questions

If you cannot make it to the bank during regular business hours for your cash deposits, our night deposit service may be the best solution. Conveniently secure your deposits 7 days a week, 24 hours a day, with our vault-protected night depository service at no additional charge.