Cash Management

Cash Management

Our cash management services are available to help you focus on growing your business while managing your cash flow.

Remote Deposit services enable you to deposit checks from your place of business, home or anywhere. We will provide the remote deposit capture scanner and training on how to use the equipment. 

Mobile Deposit allows use of your mobile banking app’s “remote deposit” function to securely deposit funds by taking a photo of the checks from the camera on your mobile device or tablet.  It’s simple, and convenient.

ACH (Automated Clearing House) services allow you to deposit employees' paychecks electronically and transfer funds between your account and other financial institutions.

Lockbox - Our Lockbox payment processing service improves your receivables process for checks and other payments sent through the mail by allowing you to remit payments into your account and providing a posting file for your accounts receivable system.

Merchant Services - Savings Bank of Danbury has teamed up with Heartland Solutions, to offer you innovative payment and point of sale solutions for your business.  In addition to merchant solutions, we can provide payroll services, time and attendance, and human resource services.  Click here to learn more about merchant services.

Wire Transfers - Use wire transfers to send and receive money quickly and securely. Funds often clear on the same day the transfer is requested.

Online Bill Pay – Empower your business! With SBD Bill Pay, make payments quickly, easily and securely.

  • Pay bills online with instant access anytime, anywhere, without the expense of stamps or checks
  • Make one-time payments or schedule recurring payments so you never miss a bill
  • Access your payment history to confirm all payments

Positive Pay is an automated fraud detection tool offered by Savings Bank of Danbury Cash Management services.  The service matches the account number, check number and dollar amount of each check presented for payment against a list of checks already authorized and issued by the business.

Zero Balance Account – Available for businesses seeking to eliminate excess balances and leverage those funds for other opportunities.  This account maintains a zero balance by automatically transferring funds from an operating account in amounts to cover specific items presented for payment.

To learn more about cash management, please call or email our business banking team at 203-830-4391, commercial@sbdanbury.com, or contact one of our team members.

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