Cash Management Services

Business Sweep Account

Earn interest on excess cash balances or save on loan interest expense while maintaining a compensating balance sufficient to eliminate or reduce monthly services charges. Collected balances are automatically transferred after the processing of each day's account activity.

Please note that after the initial application for a sweep account, we will need three months of statements to determine your target balance. This information is for analysis purposes only.

On-line Business Banking

With our on-line cash management program you can manage your accounts from your office, home, or anywhere you have Internet access. You can access your account history, transfer between accounts, make loan payments and even pay bills. You can also make stop payments, generate payroll deposits through the ACH system and make Electronic Federal Tax Payments.

Cash Concentration

If your business is not located near one of our branches or you have multiple locations, we offer Cash Concentration or Disbursement. With this feature, you use your on-line banking to make ACH transfers from depository banks near your locations to your main operating account here at Monson Savings Bank.

Credit Reserve

With everything else you have to worry about, the expense and embarrassment of a bounced check should not be one of them. A Reserve Credit line is attached to your checking account to cover checking overdrafts automatically, up to your credit limit. Timely statements help you keep track of whatever reserve credit amounts you may owe. Enjoy protection and peace of mind with this option.

Telephone Banking

For your banking convenience, Monson Savings Bank also offers telephone banking, which is available 24/7/365. In just one call you can check account balances, confirm deposits, verify whether checks have cleared, transfer funds between statement accounts, make loan payments, and check current rate information (updated weekly on Tuesdays). Dial 413-267-0909 in the Monson area or 800-431-8992 anywhere else in the U.S.

Night Depository

Each of our branches is equipped with a night depository vault to provide you with a secure means of dropping off deposits after banking hours. The vaults are opened each morning with deposits being credited in a timely fashion.