FDIC-Insured - Backed by the full faith and credit of the U.S. Government Essex Bank provides business cash management solutions designed to help you streamline operations, reduce fraud, save time, enhance cash flow, and increase your FDIC benefits.
Cash Management for Business Efficiency
Positive Pay
A fraud prevention tool that protects your accounts from unauthorized checks and ACH transactions by matching your check register to checks/ACH debits presented for payment.
Insured Sweep Accounts
Automatically transfers funds in excess of $250,000 overnight to interest-bearing accounts at other FDIC-insured institutions, providing additional insurance while continually earning interest.
ACH Origination
Save time and reduce the number of checks written by automating your bill paying. Easily make secure, fast electronic transfers for payroll, vendor, and client payments.
Remote Deposit Capture
Scan and deposit high volumes of checks quickly in the comfort of your own office. Save time and money on your daily deposits by avoiding travel. Receive reports to help balance your books.
Real Time Payments
Avoid the wait for your customers’ credit card payments. Receive electronic payments instantly via the Real Time Payments (RTP) Network to optimize cash flow management.
Merchant Card Services
Accept payments with mobile or Clover® point-of-sale devices at a competitive rate. Select from a wide option of devices for the features that best fit your business’ needs.
Service That Truly Supports You
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More on Essex Bank Cash Management Features
Simplify Business Payments
Easily manage payables with secure ACH origination, wire transfers, and automated bill payment options.
Accelerate Collections
Improve cash flow with remote deposit capture.
Optimize Liquidity
Put idle balances to work through automated sweep accounts and tailored investment options.
Stay in Control
Track transactions in real time with robust online and mobile banking tools designed for businesses.
Protect Your Business
Safeguard your accounts with positive pay and multi-user security controls.
Sweep Notes
For specific conditions and charges on our Insured Sweep Account, see our Program Information Notice, Terms and Conditions, Agreement, Opt-Out Form, and Fee Schedule.
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Enroll in Cash Management Services
See how Essex Bank can support your business with a strong relationship and streamlined services.
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