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Payment Services

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Danversbank can help you monitor your payables and manage funds more efficiently with one of our disbursement products.

Positive Pay 
• Increases fraud protection and reduces exposure on deposits and 
  cashed checks
• Fast and efficient online reporting

Wire Transfer 
• Safe and convenient way to move funds quickly 
• Save time and money by establishing a repetitive wire on domestic
  wires or US dollar wires sent internationally

Tax Payments
• Payments can easily be made through your computer using
  Online Banking
• Funds are sent through ACH or through EFTPS

ACH Origination
With ACH Origination, customers can quickly and easily originate a wide variety of electronic transactions via Online Banking:
     Direct Deposit
          • Payroll administration and distribution costs reduced
          • Time and cost of check preparation and reconciliation saved
     Pre-Authorized Customer Payments
          • 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

Deposit Reconciliation  
• Track deposits by location made to a centralized deposit account. 
• Reduces the time and expense associated with reconciling monthly
  account statements

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