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Receivables Management

Timely receipt of cash is critical to your operation.  Whether you need to accept paper checks at your physical locations, centralize your check receipts by mail or enable ACH via Electronic Funds Transfer, we've got you covered.

Process Large Check Volumes with Remote Deposit Capture

With Boston Private’s Remote Deposit service, your business can process and deposit checks directly from your office to save time, improve cash flow, and help reduce costs.

We provide you with a Remote Deposit scanner (all you need is an internet connection). Then, once enrolled, you can easily scan and deposit any business check you receive directly into your Boston Private account. 

Download Fact Sheet

Depositing checks on the go?
Use our Business Mobile App to deposit checks anytime, any place.

Accept ACH Payments

If your business relies on regular payments from your customers, consider accepting ACH payments in place of credit cards to save on processing fees.  Obtain authorization from your customers with an EFT Authorization form including routing and account numbers to directly withdraw funds from their accounts, ensuring you always get paid the right amount, on time.

Centralize Paper Checks Received by Mail with Lockbox

Boston Private’s Lockbox service helps our business clients accelerate receivables, improve cash flow, maximize earnings and simplify their day-to-day operations.

  • Your customers mail payments to a dedicated postal box
  • We retrieve and process their payments for you, per your instructions, and deposit directly into your account(s)
  • Detailed deposit reports are delivered to you on a regular basis
  • You may also access, view, and print images of your remittances, invoices, and exception items online via a secure internet site

Download Fact Sheet

Want to know what else you can do to streamline your receivables management?

Whether you're considering switching from your existing institution or just beginning to scale your business to require additional services, you can get started with a free consultation with a Commercial Banker.  They will walk you through the options that make sense for your business and offer guidance at every step of the process.

Talk to a Commercial Banker

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