Cash Management

EBSB's Cash Management program enables businesses with higher balances to have excess funds sweep automatically on a daily basis from an EBSB checking account into an interest-bearing investment account. This allows the business to focus on managing the business instead of the cash.

Remote Deposit Services

For businesses that deal with a high volume of checks, Internet access and a desktop scanner from EBSB is all you need to process your deposits from the convenience of your office. And, the funds are immediately available. No more trips to the bank to make a deposit. With Remote Deposit Capture, checks are deposited electronically from your desktop. It's that simple.

Business Internet Banking

Using your EBSB business checking account, perform routine banking functions online including balance inquiries, transfer funds between accounts, place stop payments, pay bills and more.

Merchant Processing Services

• Competitively priced services and equipment
• Individual support staff to help you customize your program
• Technical support
• Terminal deployment and training
• Chargeback processing services
• Internet based reporting tool available

Payroll Services

EBSB partners with a payroll processing company that not only helps your company with payroll solutions but also provides Human Resource solutions and Internet time and attendance solutions. With state-of-the-art technology combined with old-fashioned service they will help you mix and match products that fit your company best.

Business Deposit Services

• Checking Accounts - Several business checking options to choose from depending on your account activity
• Business Money Market - Earn a competitive interest rate on excess funds with the ability to access the funds as needed
• Certificates of Deposit - short and long terms available at competitive rates

Positive Pay

EBSB offers Positive Pay as an online decision-making tool to help protect a company from check fraud.  Through a secure, automated solution, you can detect unusual and unauthorized activity, helping to minimize risk while keeping the company in control of disbursement accounts.

Account Reconciliation

The process of ensuring that your checking account matches the bank statement you receive each month.  That is, each time a check is written, and ACH item is processed, a debit card is used, or any other withdrawal from or deposit into a bank account is made, a record of the transaction is kept.  Account reconciliation ensures that these records match the bank's of the same transactions.  Account reconciliation assists in the prevention of identity theft and accounting errors.

Cash Sweep

EBSB 's Cash Sweep service enables businesses with higher balances to have excess funds sweep automatically on a daily basis from an EBSB checking account into a fully-insured interest-bearing investment account.  This allows you to focus on managing the business instead of the cash.

Line of Credit Sweep

This service provides customers with an automated solution to move money when payments are needed and/or when excess funds are available.  You can reduce the need for transfers between checking, savings and a line of credit, as well as, avoid potential fees due to non-sufficient funds. 

To learn more about EBSB's Cash Management services, contact us at 978-977-8532, email cashmanagement@ebsb.com.  Our Cash Management Sales Officers would be happy to meet with you at your convenience to review the programs best suited to your needs.