Business Services

Choose..

Deposit Services	Sweep Accounts	Wire Transfers
Merchant Services	Payroll Processing	Statement Services
CDARS Service	Night Deposit	Safe Depsosit Boxes
Telebanker

Deposit Collection, Concentration & Disbursement

Electronic Payment Services

A cost effective and efficient way to collect and disburse funds.  Through the Automated Clearing House (ACH) system, Machias Savings Bank is able to offer the following electronic payment solutions:

• Cross Border ACH (between United States and Canada)
• Vendor Payments
• Direct Deposit of Payroll
• Expense Reimbursements
• Cash Concentration Recurring or Pre Authorized Direct Debits
• State and Federal Tax Payments

Business Bill Payment Services

Pay your monthly business bills such as utilities, insurances and credit card payments online, eliminating the need to write checks and pay for postage to mail them.

Courier Service

With this service, bonded couriers will pick up deposits at your business location and transport them to Machias Savings Bank for same day credit.

Cash Concentration

Companies that are outside of Machias Savings Bank’s branch network, or those with multiple locations can benefit from this service.  Simply make deposits at a conveniently located financial institution and using our online banking system, Ecorp pull the funds into your Machias Savings Bank checking account electronically as often as you would like.

Express Deposit

Visit our Education Center for more information and Click & Learn videos.

Using specialized machinery and software supplied to you by Machias Savings Bank, simply scan your checks for deposit each day.  With the click of a button on your desk top, the funds are deposited into your Machias Savings Bank account. Click here for more information.

Sweep Account Services

Overnight Investment Sweep Account:

Increase the return on excess account balances without manually transferring between accounts.  Available balances will automatically be swept to an investment account daily in order to maximize return.

Line of Credit Sweep:

Use excess checking account balances to pay down your line of credit daily, which will decrease outstanding advance amounts.  Advances from the line will occur automatically as well when funds are needed to cover checks clearing your account.

Zero Balance Accounts:

Your company's operating account can be linked to subsidiary accounts, such as payroll accounts in order to fund only what is needed to cover disbursements.

Wire Transfer

A wire transfer is an electronic service that allows customers to quickly send and receive funds from virtually anywhere in the world, from one bank to another, upon the customer's request.
This option gives you instant transfer of funds and same day availability for easy access. With this service, funds are processed electronically which makes it safer than transferring cash.

• Instant transfer of funds
• Same day availability
• Processed electronically
• Money can be transferred almost anywhere
• Domestic Wire Transfer - $20.00 Fee
• International Wire Transfer - $30.00 Fee 

Merchant Services

We now offer merchant services through Primax Payment Systems, an industry leader in payment services. Contact us today for details or complete and return a no obligation quote form now.

• Competitive processing rates
• No long-term contract or hidden fees
• Exceptional Help Desk service available 24X7 for your convenience
• MasterCard, Visa, American Express Discover and Diners Club card acceptance
• PIN-based debit and electronic check acceptance
• New or refurbished point-of-sale equipment
• Internet and software solutions available
• Affordable gift card programs

Payroll Processing

Full service payroll processing is now available to our businesses through Paychex Payroll Services. Talk to your business banker or contact our Customer Service Department to request a no obligation quote today.

• Payroll Processing & Tax Filing
• Multiple employee pay methods (Check, Direct Deposit, Payroll Visa Card)
• State Unemployment Insurance Service
• Workers' Compensation

Statement Services

Account Analysis Statements

Monthly, Machias Savings Bank gives you detailed information on your business deposit accounts, including average balances, services utilized and the current earnings credit rate in order to offset fees for services.  Linking your multiple business checking accounts on Account Analysis can also serve to reduce monthly service fees.

E-Statements

Receive your regular monthly statements online via our Ecorp system.  Notification will be sent to you via email each month when your statement is ready to view and print via Ecorp.

Certificate of Deposit Account Registry Service (CDARS)

Machias Savings Bank is pleased to be a participating member in the Certificate of Deposit Account Registry Service (CDARS).   As a member of this service, Machias Savings Bank is able to offer clients a single financial institution in which to place their certificates of deposit that exceed the $100,000 FDIC insured limit.  With CDARS, Machias Savings Bank opens the client’s CD in the desired term, in increments of $100,000.  Available FDIC coverage is then borrowed from other association banks across the country in order to insure the client’s full CD amount for the entire term of the CD.  This system enables clients to maintain CDs at one financial institution instead of spreading them across multiple banks in order to take advantage of FDIC coverage. 

Night Deposit Service

All MSB locations offer Night Deposit Services which make it convenient for you to drop off your banking deposits after hours. It is a secured box provided by the bank that you can use 24 hours a day.

• Safely secure funds during non-business hours
• Available at all Machias Savings Bank locations 

Safe Deposit Box

Most office locations offer these for your business security needs. Please check with your local branch for available box sizes.

*The contents of your safe deposit box are not insured against loss by this financial institution.

Annual Fees are listed below.
2"x5" size - $12.00
3"x5" size - $18.00
4"x5" size - $20.00
5"x5" size - $25.00
3"x10" size - $30.00
5"x10" size - $40.00
10"x10" size - $85.00 

Telebanker for Businesses

Telebanker is a computerized telephone banking system that provides access to all commonly requested account information 24-hours a day, seven days a week using a touch tone phone at no fee. Balances received are current and up to the minute.

Toll free: 1-800-982-7179
Local: 255-9346

• No Fee
• Account balances are current
• Choose you own identification number
• 24 hour access