Cash management

The total solution for managing transactions with ease and assurance.

Making deposits and payments, processing transactions, transferring funds, growing your money and keeping it all organized are daily responsibilities for businesses. It’s also complicated and time-consuming and takes you away from your customers. Fortunately, Webster Five Cash Management services can minimize this burden so you can focus more on running your business.

For more information or to sign up for any of the following services, contact our business banking team at 508-890-8606 or email us.

Remote deposit capture

No more running to the bank before closing or taking valuable time away from your business. With remote deposit capture, you can scan checks at your office for electronic deposit. Secure 24/7 data transmission enables you to remit deposits during nonbanking hours and increase cash flow by depositing checks sooner.


Merchant processing

Webster Five partners with Capital Bankcard to provide reliable processing of credit card transactions, including:

  • Visa
  • MasterCard
  • American Express
  • Discover
  • Diners Club

Transactions are automatically credited to your Webster Five business checking account. If you already accept credit cards, call to schedule an in-person analysis of your existing service and equipment to compare rates and to see whether your equipment is up to date. Call 860-774-8210 or email us today for your free rate review.

Positive pay fraud protection

Implement strong fraud protection on your business checking account. Webster Five uses positive pay, which allows you to monitor checks processed for payment against your checking account and gives you the ability to reject unauthorized transactions before losses occur. Positive pay also systematically compares checks presented for payment with your issued check files to detect serial numbers and dollar amounts that don’t match.

Investment sweep

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

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)

If you have multiple accounts, a zero-balance account will automatically consolidate funds from those accounts into a master account at the end of every business day to maximize funds for investing or debt reduction. The master account covers any checks written against the other accounts and consolidates all remaining funds, thereby maintaining a zero balance on all other accounts.

ACH origination service (ACH)

Make payments the easy way. ACH origination enables direct deposit of payroll, business-to-business payments, and other electronic transactions, while lowering processing fees. It also reduces paperwork and prevents lost or stolen checks.

Electronic data interchange (EDI)

Record keeping was never so easy and error-free. EDI provides timely reporting of electronic transactions you receive. Each payment received may have invoice information that is translated to an EDI advice.

Electronic federal tax payment system (EFTPS)

Save yourself the time and headache of mailing tax payments. The 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 and automatically deducted from your Webster Five checking account.