Business Banking
Cash Management Services
Webster Five provides all the sophisticated cash management resources you would expect from a mega-bank along with tailored, expert advice from bankers who genuinely care about your business. We’ll help you select the right cash management products and services to assist you as your business grows.
Webster Five provides all the sophisticated cash management resources you would expect from a mega-bank along with tailored, expert advice from bankers who genuinely care about your business. We’ll help you select the right cash management products and services to assist you as your business grows.
- Investment Sweep Service
This is the best way to keep your company’s money working for you. All funds above a predetermined target balance are transferred daily to an investment fund of your choice. You get liquidity with returns, and your company’s money is never idle.
- Line of Credit Sweep Service
This convenient and competitively priced service automatically sweeps excess balances held within a company’s checking account to the company’s line of credit, reducing any outstanding balance. For example, as funds are needed to cover checks presented for payment against the company’s checking account, the company’s line of credit is automatically advanced and the funds are swept into the checking account to cover the presented items. This service allows a company to predetermine and maintain a checking account target balance that covers account transaction fees and the monthly fee associated with the line of credit sweep service.
- Zero-Balance Account (ZBA)
The ZBA account automatically transfers funds to and from your company’s main account to a ZBA subaccount to cover daily check clearings. This concentrates funds in the main account for investments, or to reduce debt. A monthly statement details account transactions and transfers.
- BusinessPath Automated Clearing House (ACH) Origination Service
This web-based online service lets business customers initiate electronic transactions in a convenient and cost-effective manner—including payroll deposits, vendor payments, and other business transactions. This service reduces payment-processing costs and eliminates lost or stolen checks.
- QuickPath Online Banking
Our bank is always open with QuickPath online banking. You can access your account information 24 hours a day, 7 days a week, to transfer funds, obtain account statement information, view and download check images, and much more—all from the comfort and security of your office or home.
- Wire Transfers
Provides our business customers with same-day payments to accounts at other banks—both domestic and international—in a quick, convenient, and safe manner. Transfers can be made on a repetitive or nonrepetitive basis.
- Electronic Federal Tax Payment System (EFTPS)
The federal government/U.S. Department of the Treasury offers a FREE tax payment system designed for business owners. Your company’s tax payments can be made online, with personal computer software, or by telephone. Simply input your company’s tax payment information and send it—a great timesaver.
