Cash Management

Cash flow is the life blood of your business and now through technology you have many new tools to help you manage your cash.  Let one of our Business Services Officers show you the latest technology and build a portfolio of products that keeps your cash working as hard as you do.  Here are some of the ways we can help:

Cash Disbursements

Disburse funds to vendors, employees and other payees with efficiency, reliability and security, using Automated Clearing House (ACH) and zero balance accounts.

Cash Collections Services

Collect funds from customers and concentrate your funds where they can be best utilized through an efficient lockbox program.

Sweep & Investment Service

Maximize your earnings while maintaining liquidity.

Cash Management Sweep Accounts*

After all your checks and deposits are processed at the end of each day the collected excess balances are automatically transferred into an overnight sweep investment account.  You’re investing the excess balances at higher yields while maintaining a balance that lets you reduce or eliminate service fees.  For municipalities, we also offer the option of city and county agency repurchase agreements thereby providing security through collateralization.

Line of Credit Sweep Accounts*

Keep your cash working while minimizing debt.  We allocate funds to and from your line of credit daily so you can spend your time growing your business.

*OVERNIGHT SWEEP INVESTMENTS ARE NOT BANK DEPOSITS, ARE NOT FDIC INSURED, ARE NOT OBLIGATIONS OF, OR GUARANTEED BY, ANDROSCOGGIN BANK, AND INVOLVE INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF PRINCIPAL.

Merchant Services

Increase sales and revenues by offering expanded payment options for your customers. Accept credit card payments online, view credit card transaction processing information and more with our online Merchant Services solutions.  And, competitive pricing and quick turnaround on credit and debit card sales receipts contribute to improved cash flow.

Business Debit Cards

A convenient flexible tool for making purchases and managing employee expenses.

• Online Business Solutions
• View up-to-date account balances and transaction detail
• Execute internal and external (outside the bank) transfers
• Perform stop payments
• Send domestic and international wire transfers
• Transmit and view Automated Clearing House (ACH) transactions

Business Credit Cards

• Manage your business travel, entertainment or purchasing expenses more efficiently
• Issue cards to specific employees
• Track monthly activity for each employee card

Online Cash Management Solutions

Our internet solutions offer secure convenient online access to your commercial accounts. You can view account balances, monitor account activity, transfer funds, place stop payments, originate wire transfers and transmit ACH transactions. Plus, you'll get added flexibility and easy access to managing your finances online.

Check Imaging Services

We can provide you with check images on a CD ROM along with an index and flexible search criteria to quickly access images of paid checks. Check imaging is also available with our online cash management solutions.

Account Analysis

We provide a monthly statement that includes average balances, earnings credit allowance, current earnings credit rate and all activity charges.

“NEW” Remote Deposit Capture

Androscoggin Bank introduces Remote Deposit Capture, the latest in deposit processing technology that allows businesses to process all non cash deposits right from your place of business.  It’s automated, secure and simple to use, utilizing scanner technology.  Benefits include improved cash flow, later posting deadlines, convenience and reduced transportation costs.  An ideal solution for businesses that have heavy check volumes or are not located close to a bank.

 Client-Focused Service

Products and Services are only as good as their delivery.  At Androscoggin Bank, professional cash management experts are focused on meeting your needs, not pushing products.  We’ll get to know your business and understand your needs before any product discussions occur.

To learn more about how Androscoggin Bank can help you better manage your cash flow contact a Business Services Officer by clicking on the link below. 

For more information about our Business Banking products or rates, simply click on one of the following links.

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Business Checking
Business Savings
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