Cash Management

The Pentucket Business Advantage approach includes the following products designed to meet your business’s cash management needs:

Cash Management Advantage – A sophisticated online business banking package that can be tailored to meet your needs and ensure that your cash balances are working for you.

• Control your banking activities when it is most convenient to you 24 hours a day, seven days a week, and 365 days a year.
• Standard features include balance alerts/reporting, transaction history, on-screen check imaging, and stop-payment requests.
• Transaction capabilities include internal and external transfers, loan payments, sweeps, direct deposits, and wire transfer requests.
• Optional features include federal tax payments, Account Reconciliation, and Positive Pay.
• Highly secure with administrative controls to limit access by individual and type of transaction with detailed reporting.

Money Manager Sweep – Provides an operating account and investment account all in one. Automatically sweeps excess checking account balances, sitting idle while waiting for checks to clear, into a competitive investment (Repurchase Agreement) on an overnight basis.

• Invest excess cash for profit.
• Competitive interest rates.
• Overnight investments are fully collateralized by US government or US agency securities.

Lock Box Services – Collect your receivables in a fast, efficient manner. We will open a PO Box for your business and then pick up, process and deposit payments into your account and deliver a report electronically. You'll improve your float and free up valuable staff time.

• Reduce the workload in your office and speed up your deposits.
• Automate the collecting, processing, and depositing of payments from accounts receivables.
• Lock Box benefits firms of all sizes.

Credit Line Sweep

• Link your line of credit to your checking account.
• Reduce interest expense through automated advances and paydowns.

Zero Balance Account

• A zero balance account benefits a company with multiple checking accounts by concentrating your balances into one master account to increase earnings potential.

Tiered Money Market Accounts

• Enjoy higher earnings as balances increase.
• Competitive interest rates.
• Convenience of limited check writing.

Statement Savings

• Funds remain liquid while earning interest.
• Competitive interest rates.

Certificates of Deposit

• Terms from seven days to five years.
• Competitive interest rates.

To learn more, simply visit one of our branches, call 978-372-7731, or submit your request for more information via email.