Managing Cash Effectively for Commercial Businesses

We provide the products and services to help you manage your cash effectively and efficiently.

Profits are important, and good cash management services to optimize your treasury management approach is essential to an organization's success—and survival.We want you to have the right tools to understand, effectively manage, and maximize your cash flow.

Our Treasury & Payment Solutions collect and disburse payments. We help find ways to lower payment costs, like improving the time to collect payments and automating all payments - via our commercial online banking system, Webster Web-Link®. You can make payments, gain visibility into received funds, invest excess liquidity and view account balances.

Manage Cash Flow + Boost Efficiency

The first step is to make clear financial projections. How much money is coming in and going out of your organization? We provide the consultative support, expert advice and the state-of-the-art tools to speed up receivables, manage payables effectively, and boost your efficiency to reduce costs and increase revenue.

Bank Accounts to Facilitate Cash Flow
Choose from a range of FDIC-insured accounts created for your organization’s needs.

For those with high volume and cash management needs, Commercial Checking offers an earnings credit rate and a comprehensive online banking solution.

We have a number of specialty checking accounts specifically for different industries and agencies. For law firms, we offer IOLTA (some states it’s an IOLA) Checking and Escrow Sub-Accounting. For realtors, we have IOREBTA Checking, as well as Municipal Checking and Checking with Interest for Non-Profits.

Consider linking Premium Business Money Market Savings to your checking account. Not only will you earn a competitive rate, your rate will grow as your balance does. For municipalities, Webster also offers the Secure Municipal Account, a fully collateralized money-market account.

You can choose Webster’s Automatic Investment Account that provides an automatic transfer of all cash over your target balance into an investment instrument at the end of each business day.

Convenient Control over Cash Flow
With Webster Web-Link®, you have a state-of-the art tool for retrieving, reviewing, and analyzing information about your Webster accounts in a secure environment.

Webster Deposit-Link® - a convenient way to make faster deposits. Simply log into your online account, scan your paper checks, and submit them electronically.

Webster Payment-Link® - a secure online payment solution that lets your customers pay their bills right on your site, using credit cards, debit cards, and Automated Clearing House (ACH) transactions. Or, let’s you present bills to your customers.

Cutting Costs “Automatically”
Reducing costs can actually mean less work for your organization. Webster’s AutoBorrow automatically* draws funds when you need them, and in turn, pays down your balance when funds are available. So not only will you keep your interest expenses at a minimum, you’ll also eliminate manual tracking and transfers.
* not all loans are eligible

Webster’s Zero Balance Account - transfers your funds for you, keeps your sub-accounts at zero, and maximizes your cash.

Wholesale and Retail Lockbox Processing – your customers remit payment to you through a regional post office box, and Webster picks them up to copy, endorse, and deposit the items the very same day

Protect against Fraud
Fraud threatens your cash flow and puts your organization at serious risk. Webster provides effective tools to help you recognize areas where fraud can occur and find ways to avoid it.

Check Positive Pay - your list of issued checks is sent to Webster and compared—by serial number, amount, and (optionally) payee name—against checks presented for payment against your account through the standard clearing process and at Webster’s teller line. Anything potentially fraudulent is posted immediately via Webster Web-Link®.

ACH Positive Pay and Debit Block services - protect your account electronically from unauthorized or potentially fraudulent ACH debits. These services are also used in conjunction with Check Positive Pay, and you can restrict access to your commercial accounts