Cash Management

Our disbursement services give you greater control over your company’s outflow of funds while reducing operating expenses:

Zero Balance Accounts (ZBAs)
Do you have multiple locations and accounts? Our Zero Balance operating accounts let you consolidate funds for greater efficiency. 

Automated Clearing House Origination (ACH)
With our Eastern Treasury^TM Internet platform, you can generate electronic payments such as payroll and tax payments. 

Wire Transfer Services
Securely transfer funds anywhere in real time. Wires can be initiated by telephone or through the Eastern Treasury^TM Internet platform. 

Reconciliation
To help you more efficiently and cost-effectively reconcile your business accounts, we offer these services:

• Full reconcilement
• Partial reconcilement
• Deposit reconciliation

Positive Pay
Gain added security over your account activity by monitoring electronic debits or checks and review potential fraudulent activity with our positive pay services:

• ACH positive pay
• Check positive pay
• Reverse positive pay

Eastern Bank’s Treasury Services professionals can help you maximize the earning potential of excess cash balances. We offer a full range of automatic investment services:

Overnight Investment Programssuper script¹ 
Excess funds are deposited automatically into overnight investments. Net daily balances in these investments earn interest, are FDIC insured and maintain the liquidity needed to cover checks drawn against the account the next business day. 

Sweep to Line of Creditsuper script²
Automatically transfer a line of credit to a checking account to cover checks or maintain a target balance. Conversely, excess checking account funds are automatically applied to any line balances to reduce interest expense.

Dual Sweep Programssuper script^1,2
Automatically transfer funds to or from a checking account in an amount needed to maintain an appropriate “target balance.” Excess balances are automatically applied against a line of credit while in a borrowing mode, or into an FDIC insured overnight investment when the line is fully paid.

Short-Term Investmentssuper script³ 
These include a variety of low-risk alternatives with a full range of maturities, including CDs, commercial paper, U.S. Treasury Bills, municipal notes and money market accounts.

1. _{The amount of FDIC insurance varies by product. Please contact your business relationship officer for more information.}
2. _{Any funds swept overnight to your Line of Credit are considered a payment on your outstanding obligation on your Line of Credit. They are not considered a deposit of Eastern Bank and are not insured by the FDIC.}
3. _{Not all short-term investments are insured by the FDIC or any federal government agency, nor are they deposits of or guaranteed by any bank and may lose value. Please contact your business relationship officer for more information.} 

At Eastern Bank, we understand that your cash management system requires a constant flow of accurate information. Our information reporting services allow you to obtain information instantly while freeing your administrative staff for more productive tasks.

Eastern Treasury^TM is an Internet-based treasury management solution that allows you to manage your company’s finances anytime. 

Features:

• View historical and same-day account information on both your deposit and loan accounts
• View and export lockbox information and images
• View electronic reports for EDI transactions and Account Reconciliation
• Access Positive Pay services
• Initiate real-time transfers between your Eastern accounts
• Export balance and transaction information directly into your accounting and spreadsheet software
• Define access levels by user
• Send real-time stop payment requests
• Initiate wires and Automated Clearing House (ACH) transactions
• Establish activity and approval alerts