Cash Management

Essex Savings Bank offers a variety of cash management services to businesses to reduce fraud, save time, enhance cash flow and increase your FDIC benefits.  Contact a Branch Manager or your Commercial Lender for more information on the following easy-to-use, robust options.

Branch Contact Details

Positive Pay

A fraud prevention tool that protects your accounts from unauthorized checks and ACH transactions by matching your checks issued to checks/ACH debits presented for payment.

Insured Sweep Accounts

Automatically transfers funds in excess of $250,000 overnight to interest-bearing accounts at other FDIC-insured institutions, providing additional insurance while continually earning interest.  See Notes Below.

ACH Origination

Save time.  Reduce the number of checks written by automating your bill paying.  Easily make secure, fast electronic transfers for payroll, vendor and client payments offering peace of mind.

Remote Deposit Capture

Scan and deposit high volumes of checks quickly in the comfort of your own office.  Save time and money on your daily deposits by avoiding travel.  Receive reports to help balance your books.

Real Time Payments

Avoid the wait for your customers’ credit card payments.  Receive electronic payments instantly via the Real Time Payments (RTP) Network to optimize cash flow management.

Merchant Card Services

Accept payments with mobile or Clover® point-of-sale devices at a competitive rate.  Select from a wide option of devices for the features that best fit your business’ needs.

Sweep Notes

For specific conditions and charges on our Insured Sweep Account, see our Program Information Notice, Terms and Conditions, Agreement, Opt-Out Form and Fee Schedule.