Cash Management

a small business woman

Financial controls for your business

Our suite of state-of-the-art Cash Management Services will give you greater control and efficiency of your business’s finances and will help you prevent fraud. These cost-efficient and state-of-the-art services are available individually or in any combination as needed.

ACH Origination

  • Arrange access to an electronic payment system that reduces staff workload and check-cutting costs
  • Make fast payments to business partners, vendors, utilities, property managers and trade associations
  • Submit payroll files to deposit funds directly into employee’s accounts
  • Create templates to easily schedule ACH transfers

Positive Pay*

  • An effective way for your business to fight financial fraud
  • We’ll take the lead in looking out for forged or altered checks and for unauthorized electronic withdrawals from your operating accounts
  • If we find a problem, we will notify your business electronically so your representatives can decide whether to approve or reject the payments

Sweep Overdraft Protection

As your business focuses on efficiency and expense control, the last things you need are payments rejected due to insufficient funds and the accompanying hefty fees.

  • Arrange to have funds automatically transferred from a savings account or secondary checking account to your primary checking account to cover potential shortfalls. (Automatic sweep fees may apply. Ask Bank for more details.)
  • Only $3 per daily transfer (as needed)

Wire Transfers*

  • Originate domestic and international outgoing wire transfers
  • Create templates for wire transfers your business makes on an ongoing basis

Security and Fraud Protection

  • Multi-Factor Authentication & Security Token Access
  • Create dual-control settings

Remote Deposit*

  • Deposit checks into your Greenfield Savings Bank account directly from your office location
  • Feed checks into a scanner and review deposit details
  • Download summaries of the day's deposit activity and easily view canceled checks
  • Reduce staff workload with fewer trips to the bank

Sweep and Zero-Balance Accounts

At Greenfield Savings Bank, we can help make your funds work harder by automatically transferring them into appropriate accounts to improve cash flow or generate interest earnings.

  • Designed for businesses with multiple locations and bank accounts
  • With Zero-Balance Accounts, excess funds are automatically moved from secondary accounts when not needed to your main operating account, ensuring you have sufficient cash to cover expenses
  • With Sweeps Accounts, excess funds are moved out of your operating accounts to interest-bearing accounts to generate extra income

Bill Payment

  • Make one-time payments in minutes using an online system to send paper checks or electronic payments
  • Schedule recurring payments so they're made automatically
  • Guaranteed delivery dates prevent late charges
  • Receive e-Bills and find them all in one place on your computer
  • Reduce postage costs and the fraud risk that comes from sending financial information in the mail

Real-Time Alerts

Get real time monitoring of your account activity with our FREE Real-Time Alerts. Choose between text or email alerts for your choice of more than forty different types of transactions and events including:

  • Security Alerts: Find out if someone is trying to access your Online Banking or if changes have been made to your user information.
  • Balance Alerts: Be informed when a low balance puts you at overdraft risk, or when a high balance leaves you with money available to transfer to another account.
  • Transaction Alerts: Learn when deposits, checks, or withdrawals post to your account.
  • Loan Alerts: Get messages when a payment is due, is past due, has been paid, or when loan activity occurs.

Payroll Services

  • Outsourcing your payroll through GSB is a cost-efficient turn-key solution
  • From payroll processing and distribution to tax deposits, reporting, and more
  • Printed checks or electronic payments
  • Timekeeping services
  • Reporting solutions
  • Accounting, audit, and tax services

Merchant Services

Offering your customer the convenience of paying with a credit or debit card can increase your sales and allow you to compete with online businesses. Our merchant services are competitively priced to help you control costs.

  • Accept most credit, debit, gift and government benefit cards
  • Benefit from check guarantee and check verification solutions
  • Upgrade your eCommerce solutions
  • Generate consumer data that will assist your market efforts
  • Track sales of specific items, aiding your inventory stocking process
  • Customized wireless and Wifi-enabled terminals for retail businesses, hospitality industry, medical offices, non-profits and more
  • Low discount rates for processing
  • Hardware, supplies, support, and services all through one provider

Business Mobiliti

Download our free* GSB Business mobile app to inquire about accounts, pay bills, and make internal transfers. Submit mobile check deposits, schedule transfers from ACH and Wire templates, and approve internal, ACH, and Wire transfers.
Get The Free*
GSB Business Mobile App
Download on the Apple App store badge

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* Mobile carrier charges may apply.

Kim Montague

VP & Cash Management and Business Development Officer
(413) 775-8258
Melanie Johnson headshot

Melanie Johnson

Cash Management Administrator

(413) 775-8186
Head shot portrait of Stephine Gralenski

Stephine Gralenski

Cash Management Operations Specialist

(413) 775-8394
* Monthly Fees Apply, ask us for more details.