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Collection Services

ASnapdeposit tube

Speed up the collection of receivables and manage your operating capital more efficiently with one of  Danversbank’s collections products.

SnapdepositSM  
• Easily make deposits from the convenience of your office or from
  any remote location 
• Reduce the time and expense associated with bringing deposits
  to a branch
• Reduce the number of local bank relationships and fees
• Gain faster access to your funds
• View the demo

Lockbox
Reduce mail and processing float while converting check payments into cash.
     Wholesale 
          • Business to business payments
          • Low volume - high dollar payments
     Retail  
          • Consumer to Business payments 
          • High volume - low dollar payments

To learn more about Danversbank's lockbox processor, Cash Management Services, Inc., visit their website. If you are already a lockbox customer, click here to log directly into the system.

Merchant Services
• Offer your customers more ways to pay by expanding your
  payment acceptance capabilities 
• Through our partner, Merchant Services, Danversbank offers a
  variety of services and products to increase sales

To learn more about our Merchant Service provider, visit the Northern Merchant Service website.

ACH
     ACH Cash Concentration
          • Consolidate balances in order to invest funds and/or reduce 
            borrowings
          • Reduces idle balances in local bank accounts
     Pre-Authorized Debits 
          • Timely electronic updating of receivable accounts
          • Reduced time and cost for paper handling and manual
            processing
          • Better cash-flow control to maximize investments and
            improve forecasting

 

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