Cash Management Tools

Lowell Five Business Banking Platform provides a full range of cash management tools that add convenience, security, and control for your business. These time-saving options reduce the burden and expense of daily financial tasks, make processing and reporting faster and easier, ensure reliable and accurate account transfers, and provide enhanced security for deposits and payments.

Our convenient Online and Mobile Banking Options for Business give you easy access to all your Lowell Five business accounts and Cash Management processing and reporting tools. Our Business Banking Advisors can help you get started with any of these tools.

Getting started with these convenient solutions is faster and easier than you think.  Our team is ready to help you get set up to process your funds so your team spends less time and money on daily financial tasks.

With our long history, a five-star rating from Bauer Financial, and one of the strongest capitalizations of Massachusetts savings banks, you can expect a long-term, stable banking relationship with Lowell Five.  All deposits are insured in full by both the Federal Deposit Insurance Corporation and the Depositors Insurance Fund.

ACH/EFT

Streamline both administrative overhead and reduce the costs associated with paper checks by using Electronic Funds Transfer (EFT) and Automated Clearing House (ACH).

It’s simple to schedule your ACH transfers for timely delivery. Your Lowell Five Business Banking Advisor can assist with scheduling and setup.

Business Banking Positive Pay

Positive Pay provides extra security for paper checks by comparing check data to your electronic files, including account number, check number, check amount, and date. Checks with altered amounts or checks that are older than 180 days are stopped before payment.  You can even electronically void problem checks and immediately reissue the replacement check.

Real Estate Management Tools

Solutions to easily manage multiple rent and security deposit accounts.

Remote Deposit Capture

Remote Deposit Capture (RDC) enables you to scan and deposit checks in your office anytime, even if you have multiple business locations. Enjoy faster deposits without the time and expense of repeated branch visits.

You’ll also benefit from detailed electronic deposit records, email notifications, and even early warning of returned or altered checks with electronic comparisons of check images.

Sweep Accounts

A Sweep Account will automatically move funds between your Lowell Five deposit accounts to maximize their value.

Wire Transfers

For payment to a supplier or a vendor, consider a wire transfer from your Lowell Five Online Business Banking account. You can create templates for recurring payments, specify different security access levels for employees, and initiate transfers from your computer or phone.

Each wire transfer is reviewed by a Lowell Five Business Banking professional for an added layer of security and accuracy.