Business Banking > Treasury Management Tools > Treasury Management Tools

Treasury management banking tools

Managing your cash flow is faster and even more convenient through our treasury management services. We make it simple to automate payments on bills and collections, forecast and optimize your cash flow, and move funds between accounts in seconds.

ACH

Reducing float times, manual data entry errors, and cost, our ACH Collections provides payment and receivable services. Experience the convenience of electronically sending funds for faster disbursements as well as collecting invoice payments or monthly fees by scheduling collections online.

Our ACH transactions are processed under Dual Control
Same day ACH transfers are available up to $1MM
Same day cut-off time is 3:00 PM (EST)
For next-day transfers, cut-off time is 4:00 PM (EST)

Start using ACH services now

Account transfers

Flexibly and efficiently move and transfer funds online between your Westfield Bank business or personal accounts in seconds. With greater ease of access and a simplified process, your business can manage its money from anywhere.

Transfer immediately
Schedule a future one-time transfer
Schedule recurring transfers

Simplify your money management

Bill Pay

Managing and paying bills with Bill Pay through our mobile app and online banking saves you time and increases cash flow efficiencies. With services to schedule recurring payments, set reminders, and search your payees, your business can send and receive funds from anywhere in the country.

Save time with Bill Pay now

Positive Pay

As an added security measure to reduce check fraud, Positive Pay Services automatically match your check information with checks presented for payment against your account.

Check Positive Pay matches each check’s information presented against a list of checks previously authorized and issued by your company.

ACH Positive Pay compares identifying information within an ACH debit transaction attempting to clear your account against a list of ACH debits previously authorized and issued by your company.

Receive early warnings about suspicious activity
Stop unauthorized transactions before posting
Exception decision cut-off time is 10:00 AM (EST)

Let’s talk better security

Remote deposit capture

Conveniently scan checks for deposit from your office or home computer at any time. Allowing you to deposit checks from anywhere, our single-feed and multi-feed remote deposit scanners save you time and a trip to the bank.

Funds are typically available the next business day
Secure reporting and check deposit imaging capabilities available
End of day cut-off time is 5:00 PM (EST)

Start depositing remotely

Mobile Deposit for Business

Deposit an unlimited number of checks from anywhere. It’s fast and easy to deposit checks into your Westfield Bank Business account with Westfield Bank’s Mobile Deposit for Business app. Simply snap photos of the front and back of your endorsed check, then upload them directly from your phone to deposit.

No additional hardware is needed
Funds are typically available the next business day
Secure reporting and check deposit imaging capabilities are available

Download the Mobile Deposit for Business app today.

Sweep accounts

Our multi-million-dollar FDIC insured money market sweep account and line of credit sweep provide one interest rate on your funds, no hidden annual or subscription fees, and withdrawal allowances of up to six per month.

Automatically transfer excess funds into a higher interest-earning account at the close of each business day with a money market sweep account.

Securely move money between your checking account and your line of credit and automatically transfer funds to pay down your line of credit balance with ease though a line of credit sweep.

Open a sweep account today

Wire service

Receive and securely send funds globally in real-time between financial institutions with repetitive or non-repetitive wires, while receiving notifications of payments. In addition to in-branch services, Westfield Bank’s online banking capabilities provide the power to initiate, approve, or release a wire transfer, while enjoying timely and more convenient solutions integrated through online banking.

Safely and securely send a wire with Westfield Bank:

Online with a secure dual control feature
In-person at a branch by completing a wire request form
Secure fax and proof of ID with a previously provided PIN