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CASH MANAGEMENT

Let us help manage the day-to-day.

cash management

Navigate the tough workdays without sacrificing speed or security in your banking. You can focus on being a business your customers love and finding new ways to do more to make them happy.

Trust a dedicated team

When you partner with Kennebunk Savings, you’ll get customizable solutions with hands-on help:

  • Have Cash Management access
  • Customized access to fit your business and employee needs.
  • Use enhanced security procedures including state-of-the-art Voice ID technology.

 

Optimize your cashflow

Expedite the availability of funds and keep your cash flowing in the right direction.
Access cash faster so you can make bold business decisions at the right moment. Many of our services are dual-controlled, allowing optimized approval and permissions.

  • Remote Check Deposit
    Deposit checks from anywhere—no trip to the bank required. Just scan checks with a digital check scanner and the deposit transmits directly into your account via an encrypted connection. It’s like having your own personal teller right in your office. Expedite the availability of funds without the need to travel or pay for courier costs to make your check deposits.Remote deposit capture is simple to set up. You just need a PC and internet connection. We’ll even install the check scanner and necessary software for you and provide one-on-one training for you and your staff.
  • ACH Processing
    Perfect for payroll direct deposit, cash concentration, and vendor payments. Your business can have the ability to originate both outgoing and incoming electronic Automated Clearing House (ACH) transactions.
  • Wire Transfers
    Use our secure wire transfer services to execute domestic and foreign currency wire transfers.
  • Lockbox Service
    If you’re a large business or corporation that receives high volume of payments by mail, use this service to expedite the availability of funds and reduce in-house processing costs.

Get more control over your finances

Focus on your business and let our simple, secure tools pay vendors and suppliers, reconcile accounts, and manage payroll. Our online business banking services help you manage disbursements easily. You can manage everything safely and securely from your computer or phone such as paying bills online and scheduling recurring payments

Business Online Banking

Customize tools to manage your money efficiently and improve cash flow directly from your home or workplace. We’re here to assist your team’s business needs using dual control and layered authorizations. You can manage your business accounts safely, online 24/7, and:

  • Provide secure access and functionality to your staff
  • View account activity
  • Make transfers
  • Originate payroll via Automated Clearing House
  • Make Electronic Federal Tax Payments

Business Bill Pay

  • Pay your bills quickly and easily with business bill pay where you can scan bills, schedule payments and simplify your accounts payable.
  • Learn more by watching our video:

 

Business Bill Pay

 

Zero Balance Accounts

  • Automatically funds daily checks from a “concentration” account so you can maintain a single funding source.

Combat Fraud with Positive Pay

  • Ensure that all information on a check presented for payment matches your checks-issued file to prevent a scenario where the bank will not pay without authorization.

Use our business banking app.

Download the app and manage your business accounts right from your mobile device. We offer apps for iPhone IOS and Android providers. Whether you are logging onto business online banking or our Cash Management mobile app, both platforms feature the same secure controls and layered authorizations. Your business can:

  • See transactions
  • Make transfers
  • Deposit a check via your mobile device. Simply take a photo of the check deposit it securely at your convenience.

Accounting software connections

Seamlessly integrate your banking data into QuickBooks® or Quicken® for a more efficient accounting and cash management process. Our connection simplifies keeping your records up-to-date, leaving you more time to manage your business:

  • No More Manual Data Entry: Import data into QuickBooks® or Quicken® directly from your Kennebunk Savings online business banking account.
  • Easy Data Reconciliation: Importing transaction and balance information make it easy to reconcile your accounts.
  • Automatic Set-Up: Initiate a download with QuickBooks® or Quicken® from the Kennebunk Savings online banking site, and your software will automatically guide you through the account set-up process.

Go paperless with eStatements

Our team will help you handle the enrollment to go paperless. To view your statements, login to your online banking account to access your statements.

evalon logoMore features with our merchant services partner Elavon

Our partner Elavon, one of the leading merchant service providers, gives you access to the most up-to-date, reliable electronic payment processing solutions. Your customers can pay for your products and services quickly and securely.

With Elavon, you can:

  • Accept all major credit cards and technology-based payments, with built-in currency conversion
  • Gain insights into sales trends through the online reporting tool
  • Access a dedicated account manager and 24/7 customer support
  • Receive next-day funding with one of our business checking or savings accounts
  • Benefit from Safe-T Security, chip ready technology, and simplified PCI-DSS compliance

 

Other Elavon features and benefits include:

  • Europay, Mastercard and Visa (EMV) Chip Ready Terminal
  • Mobile Credit Card Processing and E-Commerce Services
    Anywhere, anytime card acceptance.
    Make it easier for your customers to pay in-person, online, or through smartphones or tablets with mobile credit card processing. Card-swiped, chip-card, and key-entered transactions electronically capture cardholder signatures at the time of sale and instantly email a customer’s receipt.
  • Tablet-based POS Solutions
    Cost-effective tablet-based point-of-sale solutions for small and medium-sized businesses increase sales, reduce costs, manage inventory, and make it easy to synchronize with QuickBooks® and more.
  • Mobile Wallet
    Now’s the time to adopt contactless mobile wallet services like Apple Pay® and Google Pay®. Consumers can pay for in-store purchases by merely holding a smartphone, iPad®, or Apple Watch® near Elavon’s NFC-enabled reader.
  • Gift Cards and Loyalty Cards
    Promote your business with Elavon’s reloadable gift cards that encourage repeat business, attract new customers, and boost sales all year long.

BUSINESS BANKING SECURITY

Working together to protect you

Your business is safe with us. Your business transactions and your customer information are safe at Kennebunk Savings. Fraud prevention and information security is always our top priority. Learn how we stay one step ahead with the latest technology and how you can protect yourself, too.

two women talking at an office desk

 

 

Put our expert solutions to work

Our business banking experts are ready to help you identify and implement efficient business banking solutions, no matter how big or small. We can tailor solutions to fit your needs, improve cash management, and let you get back to focusing on what matters.