The Savings Bank

Whether your business payment needs are simple, complex, or somewhere in between, we will work with you to review your unique business requirements. Then we will identify the services needed to manage your payments and stay ahead of your cash flow needs.

Click here for information about Business Online & Mobile Banking.

Additional cash management services are available, and fees are provided upon request.

The tools you need to manage your business finances – anytime, anywhere.

Cash Management

ACH Origination

We offer ACH Origination as an additional feature of Business Online Banking – bank approval required.

  • Pay employees by direct deposit
  • Make vendor payments
  • Disbursements
  • Collections from clients
  • Cash concentration
  • Secure transactions require special tokens

Zero Balance Accounts

  • Automatic transfers from one account to fund another
  • Perfect for special purpose accounts, such as payroll

Merchant Card Services

We’ve partnered with TRI (Transaction Resources Inc.) to offer smarter payment processing for your business. Request information from our partners at Transaction Resources, Inc (TRI).

  • Accept credit or debit card payments
  • 24/7 support
  • POS, web or mobile solutions
  • Online reporting
  • Responsive local representative provides onsite installation and training

Night Deposit

  • Drop off your deposit when it is convenient for you – day or night.
  • Secure locked bags provided at no charge
  • Available at all our locations

Wire Transfers

  • Domestic or international wires are available
  • Bring your wire instructions to any TSB Branch
  • Online Wire Transfer available as an additional feature of Business Online Banking
  • Secure tokens required for transmittal

Merchant Remote Deposit Capture

  • Use of a special scanner to deposit checks from the convenience of your office – bank approval required

Cash Management

Let our team find the tools that are right for you and your business.

Michael R. Rossetti
Vice President – Cash Management Officer
Phone: 781-486-5419
Fax: 781-224-5482
email:cmadmin@tsbawake24.com

From our customers
“Bank personnel are always so willing to help. They always greet us with a smile. In this world today, it makes us feel good!”

From our customers
“Always helpful whether in the branch or online!”

From our customers
“Love the tellers at the Lynnfield Center location. Very professional and caring.”

From our customers
“Their community involvement has made a huge difference in Wakefield over the years.”

From our customers
“Banking with The Savings Bank was with me for several years & it will always be my bank forever!!”

From our customers
“I love it here!! Best service all around.”

From our customers
“I mostly use the Methuen branch. All of the tellers have been wonderful and the branch manager is fabulous.”

From our customers
“I basically never have to go to the bank to deposit a check. it can be done from my phone saving me time, trips and gas which means I can focus on other important tasks.”

From our customers
“Great people. Great service. Convenient.”

From our customers
“I am older and appreciate the ease of banking online. I always get good service at the branches I visit.”

From our customers
“Such a great support center when you need help, and the technology has kept up. I use Zelle which solved a banking problem I had had for years. The team in Greenwood is absolutely excellent! Thank you all.”

From our customers
“Competent, knowledgeable, customer-focused, and very warm and friendly employees.”

From our customers
“The employees are knowledgeable, reliable, industrious as well as kind and personable.”

From our customers
“I spoke to Theresa today and she was incredibly helpful! That is why I bank with you! The personal touch is what makes the difference!”

From our customers
“Love Lakeside. Mario and staff always greet me by my first name.”

From our customers
“The whole banking center experience is excellent. The website is superior to most for my wants/needs to obtain and store on MY own computer our home banking records.”

From our customers
“I found your online banking system very user-friendly. I also would like to mention that the staff in the Wakefield branch are professional and very helpful.”

Talk to The Savings Bank

To find out how The Savings Bank can help you achieve all your financial goals, visit one of our branch locationsuse our contact form, or call us at 800-246-2009.

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We are aware of sweepstakes scams affecting our customers. If you receive a notification with an unexpected check in the mail, this is likely to be a check scam.Read more about this scam.
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