Treasury Management

No more running to the bank before closing with the day's batch of incoming checks. With Remote Deposit Capture, you can scan checks right from your office for immediate electronic deposit.

• Special scanning equipment links into your business computer network
• Scan and transmit checks to your Webster Five accounts at any hour
• Easily generate summaries of the day's deposits

Increase efficiency by moving away from paper checks and making - and receiving - more payments through the secure, electronic Automated Clearing House network.

• ACH can be used for payroll, business-to-business payments and more
• Reduces paperwork, as well as check-processing and postage costs
• Assures on-time arrival of payments
• Eliminates risk of lost or stolen checks
• Increases convenience for clients and customers who are no longer required to send checks

A team approach involving your business and Webster Five can prevent scammers and thieves from stealing money from your accounts.

• Protection against paper check fraud through Check Positive Pay
• Protection against electronic funds fraud through ACH Positive Pay
• Check Positive Pay flags inconsistencies between checks submitted for payment and your list of authorized checks 
• ACH Positive Pay works in a similar manner, with your business providing us with a list of those authorized to collect electronic payments from your account

Automatically have funds transferred from secondary accounts to a central account at the end of every business day.

• Designed for businesses with multiple locations or that have multiple checking accounts for other reasons
• Instead of sitting idle, funds moved to a master account can be used to cover overnight payments, pay down credit line balances or deposit in interest earning accounts
• Faster and easier than having your in-house staff manually move funds

Uncover a new revenue stream by having excess funds moved into an interest-bearing account on a daily basis.

• Your business decides on the minimum balance for your master operating account
• Webster Five automatically transfers all funds above that total into an interest-earning sweeps account 
• When your operating account drops below the minimum balance you have set, funds are moved back into it from the sweeps account
• All sweeps account deposits are protected through FDIC and DIF

EDI is a standardized format used by businesses to exchange electronic documents (like invoices and purchase orders). It can boosts efficiency by automating and streamlining the accounts receivable process.

• Improves cash flow, as electronic processing speeds up invoicing and payments
• Eliminates manual data entry, decreasing errors and saving on paper, printing, and postage
• Standardized formats ensure data integrity, leading to fewer payment discrepancies

Here's the most convenient way to streamline your company's bill payments.

• Business Bill Pay can be accessed through Webster Five's Online or Mobile Banking services
• Make one-time payments in seconds with your workplace computer or mobile device
• Schedule recurring payments - such as rent, utilities and insurance - to be made automatically before each due date
• Easily review your payment history

Webster Five partners with Elavon to provide cost-effective, reliable processing of credit card, debit card and electronic transactions:

• Build sales and customer loyalty by accepting Visa, Mastercard, American Express and Discover credit cards
• Accept a wide range of bank debit cards and gift cards 
• Increase online sales by upgrading your website pay portal
• Choose hardware and software customized for your industry
• Easily generate sales reports that can assist you with inventory control, marketing campaigns and more

Instead of having incoming checks delivered to your workplace, arrange to have them sent to a secure post office box.

• Webster Five will collect the items from your box on a daily basis and have them deposited into your accounts
• Improves cash flow as funds reach your operating accounts more quickly
• Eliminates the need for in-house check processing, freeing your team up for other mission-critical tasks

In recent years, more businesses have begun engaging in international trade and business deals. Webster Five business customers have access to Global Trade Services through our partner, U.S. Bank. 

• Import/export documentary letters of credit
• Import/export documentary collections
• International standby letters of credit