Mascoma Savings Bank

• Mascoma Savings Bank’s Lock Box service is an automated remittance processing solution that provides a cost-effective system for processing business receivables. The Lockbox Service is designed to process remittances with or without a remittance document.
• The key benefits that you receive by utilizing the Mascoma Savings Bank Lock Box Service are faster collection of accounts receivables, giving you additional dollars for investment because your funds are received faster. You will save time and have improved internal audit control.
• With all of these features, the Mascoma Savings Bank Lockbox Service is able to provide a much more reliable payment processing system at a fraction of the cost of the processing receivable by hand.

• This service allows merchants, who accept credit cards, to have the funds from credit card sales electronically deposited into their bank account. The merchant pays a discount, which is a percentage of the dollar volume of each transaction.

• Mascoma Savings Bank Internet Banking service is a great cash management tool and time saver. With twenty-four hour access to all of your accounts, you can view balances and activity as well as transfer funds between accounts. You are also able to download the current activity for account reconciliation whenever needed. An additional feature of our Internet Banking is the NetTeller Cash Management, a service that allows you to originate Automated Clearing House (ACH)activity and domestic wire transfers directly from your Personal Computer.

Mascoma Savings Bank NetTeller Cash Management Benefits include:

• Convenient access to your company’s balances and transactions at any time, 24 hours a day, 7 days a week.
• The ease of paying vendor invoices or state and federal taxes electronically.
  Quickly transfer funds between your Mascoma Savings Bank accounts and/or other banks.
• Easily sweep money into higher yielding accounts.
• Initiate outgoing wire transfers effortlessly.
• Readily manage all ACH files.
• Download your posted transactions onto your own personal financial management spreadsheet or database application.
• No installation of software needed.

• Make Deposits right from your office No need to drive to the bank.
• Merchant Remote Capture is an exciting product that lets you make deposits electronically from your office anytime you want without ever driving to the bank. All you need is an Internet-enabled PC with a browser and a check scanner.
• BUSINESS CUSTOMERS ACT NOW! If you have an 8" space on your desk to spare… We’ll put a teller in your business.
• Don’t stay chained to a slow, laborious process that forces you to go to the bank every day. Bring the bank to you!
• Capture consumer checks, commercial checks, cashier’s checks and money orders in US funds electronically with a secure, accountable check processing system by Merchant Remote Capture. It’s easy. All you need to get started is a check scanner and an Internet Connection.

Mascoma Savings Bank Merchant Remote Capture benefits include:

• Merchant Remote Capture results in less work, increased accuracy, reduced costs, and increased profit for your business.
• Convenience. Eliminate daily trips to the bank by making deposits any time you want-day or night-directly from your PC.
• Efficiency. Save time and money by reducing trips to the bank. In addition, eliminate labor-intensive manual deposit preparation and research time.
• Cash Flow. Typically, funds from deposited checks are not available to your business until those checks have cleared, which can take anywhere from 2-5 business days. By making electronic deposits, your transactions may be processed more quickly, making your funds available sooner.
• Peace of Mind. Accelerated check clearing reduces the risk of fraud by allowing returned items to be identified sooner.
• Easy to implement. Easy to use.

• Looking to earn interest on your business deposits? A Sweep Account may be right for you. A sweep account provides daily automatic transfer of demand deposit balances into a collateralized investment account. The primary benefit of this service is that it eliminates non-earning, idle cash balances. The bank and the customer agree on the minimum balance to be kept in the demand deposit account to cover checks and compensate the bank for services, TARGET BALANCE. Balances above the minimum are automatically transferred every night to a short-term investment account, REPURCHASE AGREEMENT.
• The repurchase agreements are collateralized by securities that are backed by the full faith and credit of the United States Government, such as, Government Agencies.
• Transfers are made automatically to and from your checking account
• Idle funds are swept into a short-term investment account, maximizing the return on cash balances
• Balances in the Sweep Account are pledged with Government securities
• The Earnings Credit is calculated on Ledger balance
• There is no fee for a monthly Profitability Analysis
• Sweep Accounts are less labor intensive than transferring funds manually between accounts Combined statements are available for easy record keeping

• This service allows a company to keep demand accounts at a zero balance except for one account which is used as a cash concentration account. This account is used to provide funds for the zero balance accounts allowing the company to have decentralized disbursement activity while keeping centralized control over funds which are in the concentration account.