Cash Management


Manage your cash flow to maximize profits and reduce expense with our cash management services. Click on one of the service links below for more details.

NBT Online Banker for Business

This Internet banking service is the cornerstone cash management product for many of our business customers, particularly those who have the need for Automated Clearing House (ACH) origination for direct deposits. NBT Online Banker for Business is a web-based service that allows you to connect with your NBT Bank accounts 24 hours a day, seven days a week. Our three levels of service with bill payment option allow you to tailor the service to the specific needs of your business.

Click here to learn more about NBT Online Banker for Business>>

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NBT Bank Mobile Banking for Business

Staying connected to your business has never been easier thanks to NBT Bank Mobile Banking for Business. From the convenience of your mobile device you can now quickly, easily and securely evaluate and manage your cash flow needs while you are out managing your business. With NBT Bank Mobile Banking, you can access your account information, check your balances, pay bills, approve ACH transactions and more. This service is available to customers enrolled in NBT Online Banker for Business. Enroll today!

Click here to learn more about NBT Bank Mobile Banking for Business>>

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Remote Deposit Capture

NBT Remote Deposit brings the teller line to your desktop! Make deposits quickly and conveniently by simply scanning checks and submitting your deposit to the bank through a secure, encrypted Internet connection. Enjoy faster access to your cash, make fewer trips to the bank and extend your window for same-day deposits to 6:00 p.m. Ask about our free scanner offer.*

*Limited-time offer for qualifying customers. Ask your NBT Banker for complete details.

Click here to get more information on NBT Remote Deposit>>

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Controlled Disbursement

This service allows customers to closely manage their cash by enabling them to determine how much money must be on deposit by the end of the day to cover incoming items. The remaining cash is then freed up for investing or debt payments. Using a unique American Banking Association number, we can obtain from the Federal Reserve the total dollar amount of that day's drawn checks on selected accounts and advise the customer of the total before 11 a.m. on business days.

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Positive Pay

Positive Pay is a fraud-detection service that protects customers from illegal duplication of documents. It also reduces the time needed to resolve issues when a fraud is perpetrated. The customer provides issuance information—date, amount and check number—every time a check is written. Then, as checks come in to be paid, they are compared with this issuance file before they are charged against the account. If any check does not match the issuance file, a reject report is created and faxed to the customer, who must make the decision whether to pay or return the item.

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Sweep Repurchase Agreement

This service allows organizations to earn interest on their excess balances. All available balances above a predetermined amount are transferred into a repurchase account on a nightly basis. Because the repurchase process involves the purchase of a security interest, which serves as collateral for the swept money. This conservative investment vehicle is very suitable for large not-for-profit organizations.

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Sweep/Zero-Balance Account

Setting up a sweep process involves linking various accounts to automatically move money between them. A zero-balance account is a sweep account in which the balance is reduced to zero in one account and then moved to another. It can be part of a cash-concentration function in which balances in subaccounts are automatically swept to the master account. The advantage of this type of setup is that it allows organizations to work with a single account when making disbursements, since the bank has already moved all available funds to that account.

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Sweep/Line of Credit

Customers who carry a large balance on a line of credit will benefit from this service because it automatically pays down the line and saves on interest. To accomplish this, a checking account is linked to a commercial line of credit and all available balances above a predetermined amount are used to automatically pay down the line. Conversely, if the checking balance falls below the predetermined amount, funds are automatically transferred from the line of credit.

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Images on Compact Disc

Customers who issue hundreds of checks monthly will appreciate having images of their returned checks stored on a CD that has a built-in search feature. The benefit is twofold: customers don't have to store boxes of canceled checks and the process of locating specific checks is much faster.

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Electronic Data Interchange (EDI)

As more money is moved through the ACH system, customers need to receive information supporting the fund amounts that are being transferred. Large ACH transactions often come to the bank with attached information called "addenda records." These records must be translated from a system generated format to one that is easily interpreted by the recipient and addenda information. We offer a service that allows us to receive and translate these addenda records to a user-friendly format. The resulting EDI reports can be faxed to or electronically downloaded by the customer.

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Merchant Services

NBT Bank has partnered with TransFirst, one of the nation's leading credit card payment processors, to offer you access to enhanced web-based payment processing solutions and merchant reporting systems.

Get dependable credit card processing featuring:

  • Competitive rates, no hidden fees
  • Multiple authorization networks and transaction processing methods
  • Experienced and dedicated sales staff support
  • National processing capabilities
  • Comprehensive online reporting available 24/7
  • Automated in-house chargeback/retrieval processing system with 24-hour turnaround
  • Next day funding
  • Easy application process

For more information visit the TransFirst website at: www.transfirst.com

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Tenant Security Account

Allow NBT Bank to help you manage the administrative work for your single or multi-tenant properties through the convenient services provided through our Tenant Security Account.

The Tenant Security Account provides the following advantages:

  • Detailed Statements - monthly for each individual tenant
  • Hands-Free Interest Payments - posted annually to tenant's account for convenience
  • Tax Form Assistance - NBT Bank issues all required year-end tax forms including 1099s
  • Administrative Fee Provisions - if applicable based on state regulations, the fee is paid to the landlord on an annual basis

Additionally, the account requires landlord signature for withdrawal of funds. The tenant will not be granted access to the account.

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