Cash Management

Unlock your potential by taking control of your business’s finances. We know running a business can be complicated, so we offer you a suite of cash management and eBusiness solutions that help you manage your business’s cash flow however and whenever you want.*

*Cash Management products are available to business customers only and fees may apply.

Cash Management Officer

Our cash management officer can help guide you toward your objectives with solutions tailored to fit your individualized needs. Contact Supo Kehinde today at 617.925.1765.

Manage Cash Flow

Our services allow your business to control and monitor your funds and maximize the productivity of your cash resources.

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EDI Reporting

  • Reduce the time and costs associated with posting and reporting EDI payments with EDI reporting. Ideal for customers that receive federal, state, insurance or healthcare payments electronically.

Line of Credit Sweep

  • Our sweep service monitors your account activity and automatically advances or pays down your line of credit as needed. Reduce your interest expense while saving valuable clerical time!

Zero Balance Accounting (ZBA)

  • Eliminate the need for manual transfers between checking accounts by linking two or more checking accounts to combine funds while maintaining individual audit trails. After checks and deposits are posted each day in the ZBA, the net balance is transferred to or from a master account.

Information Reporting

  • eBusiness Solutions will provide you online access to your checking, savings, money market and loan accounts. eBusiness Solutions is updated continuously throughout the day on a real-time basis making it easy to know your exact cash position at any time. eBusiness Solutions offers an easy and convenient way to view account activity, Electronic Data Interchange (EDI) reports and bank statements, initiate stop payments, internal transfers, ACH transfers and wire transfers.

Manage Collections

Let your money work longer for you by reducing operating costs, mitigating fraud, and improving the availability of funds.

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Automated Clearing House (ACH)**

  • Take advantage of ACH to help streamline collections and improve the efficiency of your accounts receivable system. Collect payments electronically, like health club memberships, association dues, loan payments, utility payments, contributions to non-profit organizations, and cash concentration.

Office Deposit—Remote Deposit Capture**

  • Enjoy the freedom of scanning and depositing checks right from your computer whenever it’s convenient for you. Increase employee productivity and reduce the time and travel of bank visits.

Wholesale Lockbox

  • Accelerate the collection of your receivables and save valuable clerical time with fast and accurate credit to your account. Our wholesale lockbox service includes image capture of the check and invoice using state-of-the-art hardware and software. Items are available for you to view the same day they are processed!

Retail Lockbox (OCR)

  • Retail lockbox service uses optical character recognition (OCR) to collect payments and capture remittance data. Automate the posting to your accounts receivable system with electronic output of your remittance data and special reports.

Merchant Services**

  • Through our strategic partnership, we offer you a secure way to accept all major credit and debit cards with card processing solutions for ecommerce, retail, and business-to-business.

**ACH Services, Merchant Services, and Office Deposit—Remote Deposit Capture require review and approval by Abington Bank. Not all customers are eligible for these services.

ZRent and ZDeposit

  • Designed for landlords and property managers, ZRent and ZDeposit give you streamlined and convenient yet robust online tools for managing security deposits, rent payments, and condo fees for your properties. ZDeposit simplifies and automates the opening of security deposit bank accounts in a compliant way, while ZRent takes the hassle out of collecting rent and dues by automating payments from your tenants’ accounts to yours.

Manage Payments

Our solutions optimize the efficiency of your business’s cash flow, allowing you to distribute funds quickly and cost effectively while monitoring your payables activity.

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  • Fraud Prevention Services
    • Preventing fraud can be quick and easy with products designed to help safeguard you against check and electronic payments fraud.

    Check Positive Pay* prevents unauthorized checks from posting to your account.

    • When your business issues checks, you electronically upload a file of those check numbers, dollar amounts, and payee names to us through eBusiness Solutions Online Banking.
    • We’ll match every check presented for payment against that file. If they match, the checks are paid. If not, the checks are rejected, and you decide whether to pay or return them.
    • Check Positive Pay is integrated with our eBusiness Solutions Online Banking to provide a single login.

    ACH Positive Pay* prevents unauthorized ACH transactions from posting to your account.

    • When your business authorizes companies to electronically withdraw funds from your account, you provide a list of these companies to us through eBusiness Solutions Online Banking.
    • We’ll review all ACH debits and allow only those from authorized companies to post to your account. All others are rejected, and you are notified of exceptions online.
    • ACH Positive Pay is integrated with our eBusiness Solutions Online Banking to provide a single login.

    ACH Debit Block

    • If you choose not to have any electronic debits post to your account, you can establish an ACH Debit Block to block every incoming ACH debit, without exception. ACH Debit Block is typically used with money market and savings accounts.

    Account Reconciliation*

    Full Reconciliation

    Your business uploads a file of issued checks and we match checks issued with checks paid. Monthly reports are available through eBusiness Solutions Online Banking, including a paid and outstanding item report and an exceptions report for items like voids and deletions. Report data includes:

    • Check number
    • Check amount
    • Date issued
    • Date paid

    Partial Reconciliation

    Unlike Full Reconciliation, there’s no need to provide us with a file of issued checks. Instead, you use eBusiness Solutions Online Banking to view, print, or export paid-check data, including:

    • Checks paid
    • Check numbers
    • Dates paid
    • Dollar amounts

    Automated Clearing House** (ACH)

    • Optimize the efficiency of your cash flow and distribute funds quickly and cost- effectively while monitoring your payables activity.

    Wire Transfers

    • Move money electronically across the globe with a high level of security and minimal clerical effort. Domestic and international wires are available through eBusiness Solutions.

    Business Credit Cards

    **ACH Services, Merchant Services, and Office Deposit—Remote Deposit Capture require review and approval by Abington Bank. Not all customers are eligible for these services.