Disbursements

ACH Services

Automated Clearing House (ACH) services enable you to send money electronically on predetermined dates. You may use the ACH system to make deposits to employee or vendor accounts.

Benefits

• Reduce costs and inefficiencies of producing checks
• Manage payables more efficiently
• Simplify payroll reconcilements
• Access through South Shore Bank’s Business Online Banking which makes is simple to create templates, upload files and process an ACH Batch.

Uses

• Direct Deposit
• Preauthorized Debits
• Cash Concentration
• Disbursements
• Vendor Payments
• Tax Payments

Wire Transfer

Securely transfer funds both domestic and international in real time from the convenience of wherever you need to be!

Benefits

• Safe and secure method of payment
• Mobile wire approval capability if you’re on the go
• Create and save wire templates to make recurring payments
• Receive incoming wire notification via email or online

Business Debit MasterCard^®

Combine the power of a check with the convenience of a credit card! Use your card anywhere you see the debit MasterCard^® logo. Purchases are deducted directly from your business checking account, just like writing a check. Your Debit BusinessCard also works as an ATM card, allowing you access to your accounts at ATMs everywhere.

Pre-Paid Cards

Pre-paid cards are simply a plastic alternative to carry money. The cards are preloaded with amounts of your choice.

Benefits

• Use where ever Debit MasterCard^® is accepted
• Freedom to shop in-store, online or by phone
• Check balances online
• Anyone can buy or give (and is fully transferable) to another recipient
• Many designs to choose from

Reloadable Cards

Reloadable Debit MasterCard^® eliminates the need for a checking account.

Benefits

• Direct deposit funds, including a paycheck
• Pay bills online and get cash at ATMs
• No credit check required
• Check balances online