Receivables & Collections
Getting your business paid should be a breeze, right? Thomaston Savings Bank's Receivables & Collections services are here to streamline your collections process and make it easier for your customers to pay you. More than just receiving payments, it’s about simplifying the process for you and your customers – all designed to save you time, enhance your cash flow, and reduce risks.
Receivables & Collections Highlights
Reduce Time in Accounts Receivable
Get paid faster and improve your cash flow.
Improve Your Customer Relationships
Boost overall satisfaction by making it easy for customers to pay you.
Free Up Your Time and Resources
Automate your collections process, freeing up your time and resources.
Grow Your Business
Improving your cash flow and customer relationships can help you cultivate your business.
Receivables & Collections Services
Thomaston Savings Bank understands that faster check deposits means increased cash flow for your business. With Remote Deposit, you can expedite deposits, just by scanning and sending them to the bank directly from your office. Our Remote Deposit will automatically apply a virtual endorsement to the back of all of your checks, so you don’t need to waste time endorsing them. When your workday is non-stop, you don't always have time to visit one of our branch locations to deposit your checks. With Remote Deposit, you can deposit checks quickly and worry-free from your desktop.
- Deposit checks anytime using our convenient system
- Reduce the risk of fraud with our built-in security features
- Save time and money by eliminating visits to a branch, as well as courier fees or employee mileage reimbursements
- Streamline your cash flow by consolidating your deposits from multiple locations
- Access this feature easily within Online Banking
Make secure check deposits anytime, anywhere from your smartphone or tablet with Thomaston Savings Bank's Mobile Check Deposit. Simply snap a picture of your check using our convenient mobile app and follow the easy steps to deposit your funds.
Let us help with the heavy lifting by simplifying how you process receivables. We’ve partnered with Lighthouse Payment Services to collect, scan and deposit incoming check payments on your behalf and have tailor made solutions for your needs, whether you receive checks from consumers or other businesses. Want remote access to this service? We can do that too!
In today's consumer-centric business world, offering a diverse range of payment options is no longer a luxury but a necessity. Thomaston Savings Bank's Merchant Services empowers businesses of all sizes by offering advanced payment processing solutions, including debit card, check and pre-paid card processing, electronic balance transfers, even revenue-generating gift and loyalty cards. Improve your business operations:
- Processing for all major payment processing brands
- Real-time processing and fast authorizations
- 24/7 customer support from a highly experienced team
- Next day access to funds
- Customized industry-specific solutions
- Largest selection of PCI-compliant equipment for the most secure transactions
Whether you're a new business venturing into card payments or a seasoned enterprise seeking a more reliable processing partner, Thomaston Savings Bank is your trusted partner in driving business growth.
There is a faster and easier way than writing business checks! Use ACH Origination to create payroll direct deposits, electronic vendor payments, cash collection, federal and state tax payments, and cash disbursement programs.
Use templates to establish pre-defined transactions to reduce the time it takes to pay vendors and collect payments or download a NACHA Pass-Thru file directly from your accounting software to streamline your operational efficiency. Choose from a variety of payment frequencies, including one-time transfers, a recurring series of transfers, or future-dated transfers. ACH Origination is fully integrated within Online Banking so it's easy to use and control and comes with the added security of two-factor RSA authentication and the option to add dual-control.
- Avoid writing checks and manage your cash flow more effectively
- Create groups of payees to make scheduling and tracking easier to manage
- View your full ACH Origination history
- Take advantage of robust security features, including dual control, two-step verification, and authentication token protection
Optimize your cash flow so you can focus on what’s really important – running your business.
Meet The Team
AVP, Business Relationship Manager
AVP, Business Relationship Manager
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