Business Cash Management

Cash Management 

We provide a wide range of cash management services to help you get the most out of your cash flow. For starters, you can minimize costs by letting your account balances offset fees. Talk with a branch manager or lender about your service needs; then, a cash management specialist can help match our services to the way your business operates; you can always add more as your needs change. Here are some of our cash management service offerings:

Enterprise Business Checking¹

Our full-featured account is for businesses with moderate to high transaction levels and cash management needs. Your daily collected balance generates an earnings allowance that is used to offset certain fees.

Online Business Banking¹

Access up-to-date, real-time account information when you use our online business banking service, designed to save you time and money. Check deposit and loan balances, transfer funds, make payments, view and print e-statements. You can pay bills electronically using our Bill Payment service or set up ACH payments. You can also grant your employees access rights that ensure separation of duties and bolster your internal controls.

ACH Origination1,4
Directly from our online business banking platform, you can send one-time payments, recurring payments (like payroll or vendor payments), and also receive pre-authorized payments.

Positive Pay1
We’ll help you minimize the risks associated with increasing check fraud, by only paying the checks that we know you issued. We compare a digital file that you send us to a list of checks that are presented. We’ll notify you of any discrepancies, so you can authorize payment – or not.

Overnight Sweep

Maximize the return on your working capital with our business sweep. Whether you want to pay down your business line of credit or earn a risk-free overnight rate of return on a 100% fully-insured deposit account or a combination of both, we can establish a sweep that automatically meets all of your cash flow objectives.

Remote Deposit Services1,4

Whether your business is near a branch or not, our Remote Deposit Services streamlines your deposit activity and provides next day funds availability. It takes less time to prepare deposits and you can skip the trip to the bank. Using Remote Deposit is easy; just log-on to Business Online Banking and process check deposits from the convenience of your office. It’s ideal for businesses with moderate-to-high deposit volume - daily, weekly or monthly.

Business Debit Card1

Add power to your corporate checking account when you make purchases with a Business Debit MasterCardTM. You can set individual limits for cash withdrawals and purchases for your employees. Transactions are automatically deducted from your checking account, so you avoid costly credit card interest charges.

Landlord-Tenant Accounts
We accept and track Lease Security Deposits from a Landlord for multiple Tenant accounts. This service is ideal for the busy property manager, who can now fund one master account and we do the rest. Our service includes individual tenant accounts with property ID, auto-transfer of landlord fees and monthly portfolio reporting.

Other Services

Merchant Services2
Our partner, Merchant Consulting Group, a locally based service provider, offers reliable and innovative card processing technology, at a competitive rate. Services include wireless terminals, dedicated customer service, prompt equipment replacement, and 24/7 online account information. Take advantage of efficient application processing and secure transaction processing to accept all major credit cards and debit cards.

1 Please refer to Business Fee Schedule (PDF)/(RTF) for pricing.
2 Products and services offered by Merchant Consulting Group, Salem, MA. RCB does not set rates or fees. Speak to a Merchant Consulting Group representative for information on rates and fees.
3 Card offered through UMB, Subject to Credit Approval. Visa’s Zero Liability Policy covers U.S. issued cards only and does not apply to certain commercial card transactions or any transactions not processed by Visa. You must notify the card issuer immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult issuer.
4 Subject to Credit Approval.

To learn more about our Cash Management Services please speak with a Branch Manager, Commercial Lender or any Banking Specialist. Call 781-942-5000.