Products, Services & Rates

Cash Management Services

Take control of your cash position with Norway's sophisticated Cash Management services! We offer solutions that give you instant access to your accounts anytime and anywhere and make your money work as hard as you do. Please contact our Cash Management Manager or a Commercial Lender for more information on the following services:

  1. Ecorp Banking

    If you need an online banking tool that can initiate ACH or wire transfers, then Ecorp Banking is the solution for you. Features of Ecorp Banking include:

    • Originate ACH Transfers
    • Request outgoing wire transfers – domestic and international
    • Multiple user access with different levels of account access
    • View cleared check images – front and back
    • Receive your monthly statement securely with e-Statements
    • Transfer funds between your Norway business accounts
    • Loan payments on Norway loans and credit lines - no stamps, no mail, no hassle
    • Initiate stop payments on Norway business checks instantly
    • Chat with Norway’s Customer Care Team during normal business hours if you have questions or technical issues

    If you are interested in online Bill Pay, please see our inBusiness Internet Banking option

    Security is our highest priority

    With Norway Savings Ecorp Banking, your money and your financial information are protected by firewalls and strong encryption. Ecorp Banking includes additional security features to protect your business accounts:
     

    Security Tokens are issued to all Ecorp Online Banking authorized users to add an additional layer of security. The Token generates a new code each time it is used for log-in and electronic payment transactions.

    Dual control settings are highly recommended for businesses using wire and ACH transfers. Dual control allows an Authorized User to create, edit, cancel, delete and restore wire transfer requests with his/her User ID, password and Token. A second different Authorized User with his/her User ID, password and Token is then required to approve, release or delete wire transfer requests.

    For more details on Norway Savings Ecorp Banking security and the latest security updates, visit our Security Matters page.

  2. inBusinessTM Cash Sweep*

    Your automatic investment solution that earns a competitive yield on your excess business checking account balances that would otherwise be sitting idle. inBusiness Cash Sweep combines a business checking account with the ease of automatically investing excess cash in an interest-bearing sweep account. inBusiness Cash Sweep is offered through Intrasweep.

    *inBusiness Cash Sweep Account is designed for all commercial accounts, including corporations, small businesses and nonprofit organizations. The account offers competitive money market rates (see branch for details).

  3. Insured Cash Sweep**

    Earn interest on your excess cash balances and make your deposits eligible for multi-million-dollar FDIC insurance with Insured Cash Sweep (ICS). Through ICS, your excess cash balances earn interest in money market accounts at FDIC insured institutions. Monitor your account anytime online and see where your deposits are located.

    **Placement of your funds through the ICS service is subject to terms, conditions and disclosures set forth in the agreements you enter into with us, including the ICS Deposit Placement Agreement. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month. See branch for details.

  4. inBusinessTM Deposit

    Getting to the bank on time is no longer an issue! With easy-to-use inBusinessTM Deposit, you can click, scan and send your checks via the Internet from your business computer. Your office becomes a bank branch.

    • Save time and money by reducing travel to a branch
    • Research at your fingertips
    • Improved notification on returns
    • Increased deposit accuracy
  5. Zero Balance Account

    Maximize your investment opportunities by pooling funds from multiple checking accounts. Automatic transfers to and from a master operating account maintain a zero balance in all secondary accounts. Separate, easy-to-understand statements for each account.

  6. Lock Box

    Streamline the process of handling customer payments. Accounts receivable checks are mailed to a post office box maintained by Norway Savings Bank and FISC Solutions. Mail is picked up and the payments are credited to your account on the day they are received.

  7. Positive Pay

    Identify and reduce incidences of check fraud with Positive Pay. This service compares and matches checks presented for payment against your electronic check issuance file. Any checks presented for payment that differ in dollar amount or check number are identified and referred to you for payment or return instructions through our Ecorp Online Banking service.

  8. Electronic Data Interchange (EDI) Reporting

    Each time an electronic payment presents on your account, we will notify you and interpret any addenda records so that you can match the invoice to the payment.

  9. Merchant Services

    Norway can help you create a custom payment processing solution that meets all of your business needs, from credit and debit card processing to e-commerce, gift cards and electronic check services.

 
Contact us to learn more:

E-MAIL

CALL

888.725.2207

STOP BY

and visit at the NSB office nearest you