When it comes to the financial management of your business, you need the right tools to ensure success. Take control of your receivables and payment processing activity with BankNewport’s cash management solutions. Our suite of services makes it easy for your business to:
If you have questions or want to learn more about our cash management solutions, contact Ron Bouchard, VP/Manager of Cash Management at 401.845.8732 or Ronald.Bouchard@banknewport.com and he will be happy to assist you.
Commercial Remote Deposit Capture is our “in-house” Cash Management service that allows you to conveniently and efficiently make check deposits directly into your BankNewport checking, savings or money market accounts without having to leave your office.
Provides next day funds availability when deposits are made prior to 4PM Eastern Time
Positive Pay is the fraud prevention method most used by businesses to protect against fraudulent checks and ACH transactions.
Positive Pay's automated process detects fraudulent checks and ACH transactions on your business accounts. Positive Pay will alert your business by email if a check appears to be fraudulent. You will be allowed to view your issued checks and ACH transactions easily from your PC.
BankNewport’s Lockbox service will reduce the potential for theft and fraud and also assist your accounts receivable department by sending receivables checks to a designated P.O. Box. Lockbox Service improves office efficiencies by streamlining check receivable activities so that your bookkeeper/collections isn’t overwhelmed with the collection of checks and the processing of deposits. This allows you and/or your staff to focus on the more challenging receivable accounts and growing your cash flow. All check images will be available to you electronically.
Simplify your cash flow and forecasting with the electronic disbursement and collection of funds from any bank account within the United States.
Pay or receive funds quickly with real-time domestic wire transfers.
The Paymaster Workforce Management Suite makes it possible for you to accurately manage all aspects of your workforce (time and labor management, human resources, and payroll) through one web-based application.
Increase your bottom line by accepting credit and debit card payments wherever you conduct your business.
Purchase all of your business supplies, equipment, client meals, travel accommodations and more without writing checks or carrying cash.
It’s never been easier to manage your business finances thanks to BankNewport’s online eBanking and eBanking Mobile App.
Whether you’re travelling for business or relaxing at home on the weekend, you can easily deposit checks with the camera on your mobile device and the BankNewport eMobile App.
Earn more on operating cash balances with an automatic overnight sweep from your checking to another account.
Easily download your account information directly from within your Quicken or QuickBooks to manage your finances offline.
Transfer money between your BankNewport accounts to those accounts you own at other U.S. financial institutions.