To sign up, simply contact us at [email protected] or 203-783-5700.
Business Online Banking
is now compatible with Quickbooks.
Our online banking for business offers you full access to your Milford Bank business accounts over a private secure connection, anytime and anywhere you have a computer with Internet access.
Benefits:
- Easy to use, browser-based software
- Save trips to the bank or ATM
- Gain efficiency for your business cash management
- Save time by automating and batching banking activities
Features:
- Immediate balance, debit and credit information
- Payroll direct deposit
- Transfer funds
- Stop payments
- Bill Pay
- Export transactions
Sign up Today
Simply contact us at [email protected] or 203-783-5700 .
WebLink
Our online banking for business offers Milford Bank commercial customers full banking services using any computer with access to the World Wide Web. Business customers have direct access to monitor and manage their bank accounts 24 hours per day, 7 days per week.
Establishing an Internet link to your Milford Bank accounts offers new efficiency in business cash management. Instead of trips to our physical offices or ATMs, control your funds from the convenience of your home or office or when traveling.
Highlights:
- No software installation.
- 24/7 secure access.
- Fully functional web banking including:
- Gain immediate access to balance, debit and credit information for each of your accounts.
- Transaction listing, prior and current day:
- deposits
- checks
- and other credits and debits
- transaction search capabilities
- Summary balances for:
- checking and DDAs
- savings
- CDs
- loan
- Initiate electronic payments including:
- state/federal tax
- payroll direct deposit
- cash concentration and disbursement
- consumer debits and credit
- Manage Loans with Milford Bank
- check status
- view loan payment history
- prepare reports
- Transfer funds between your Milford Bank business accounts.
- Send stop payment instructions on checks.
- Easy to use, web browser-based interface.
- Extensive security ensures the appropriate people review financial data and release transactions.
Selected Feature Details
Setup
You can choose a variety of online banking for business settings to customize the product to best suit your preferences. While some bank-set defaults apply, you can always choose stricter settings. You can add and delete users with access to your accounts, and modify the settings that apply to their activities. You can choose automatic payment release amounts and frequencies.
Maintenance
You can change passwords, view a table of bank holidays, run audit reports that detail user access to the system and send pre-formatted e-mail messages to bank administrators.
ACH Payments
Within ACH Payments you can create both payments and collections depending upon which application you choose. For example, Payroll allows direct deposit of payroll (payment) and Cash Concentration allows you to concentrate your funds in a single account (collection).
You can easily initiate ACH transfers through your web browser and feel confident that your transactions will settle quickly, securely, efficiently and according to bank policies and procedures.
The ACH module is easy to use. Each data entry screen is specifically designed for a different type of transaction. Transfer types, also called applications, include:
- Direct deposit of payroll
- Cash concentration and disbursement
- EFTPS tax payments
- Consumer debits and credits
- Release of payments to the bank is as simple as selecting a batch of transactions and clicking the Release button
Account Transfer
Use this function to transfer money between your Milford Bank accounts. You can transfer funds manually or schedule transfers for specific future dates. You can retain data entry for repeat transfers so that you need only enter the information once.
Stop Payments
You can send a request to the bank to stop payment on a check that was previously issued. A stop payment e-mail message is created from the Stop Payment screen, then routed to the appropriate party at The Milford Bank.
Please Note: When you send a stop payment request it does not automatically stop a check payment on bank systems. Your request must be processed by bank staff. Once processed, we send you a confirmation e-mail message.
Reporting & Exporting
Depending upon the type of report, you may be able to specify one of the following report views:
Summary report views show account summary information (such as balances). Depending upon the type of report, you can click on the account number to view a Transaction List view for that account.
Transaction List views show detailed transaction activity for one or more selected accounts. Depending upon the type of report, the account activity displayed can be filtered to show only certain kinds of activity. For example, a check paid report would display only checks that have cleared through accounts.
Statement report views give you a complete statement of current debits and credits for a particular account. You can adjust totals for Statement views.
You can export the results of Information Reports or Transaction Searches as standard comma-separated or tab-separated files which can be read by most database and spreadsheet programs.
Data Import
Import files created with your accounting software to an ACH database. File types that can be imported into our Business Web Office include:
- fixed format files
- coma separated fields
- NACHA files (electronic files containing payments or related information that are in a standard format which can be processed through the National Automated Clearing House network).
Validator
Simply contact our dedicated business banker, call us at 203-783-5700.
For more information about our business banking offerings and for general business resources, click here.