Solutions for business receivables
Accelerate your receivables
Use these services to make day-to-day operations even easier.
Wire Transfers
Collect electronic payments and wired funds efficiently.
Streamline deposit processing and extend deposit cutoff times.
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Secure funds faster with simplified check handling.
Process customer payments securely online and by phone.
Accelerate your business cash conversion cycle.
Simple, fast and secure customer payment solutions.
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Deposit and receive cash efficiently and securely via armored courier.
Secure, integrated point of access to manage multiple accounts.
Video: Automating Receivables
How automation from People’s United can help you gain greater control of your Accounts Receivable function.
Automated Clearing House (ACH)
Using our Business Online Banking tool, eTreasury+, process collections quickly and securely, including same-day payments and the ability to carry any additional information pertaining to your transaction such as invoice number.
- Streamline clients’ collection process
- Increase accuracy and efficiency by reducing check processing
- Same-day payments so you receive payments faster
- Optional Electronic Data Interchange reporting provides detailed reference data
Wire Transfers
Incoming Domestic and International
Receive payments efficiently through incoming wires, in either U.S. dollars or other foreign currencies. Ensure quick access to funds by following settlement instructions for both domestic and international wires.
Lockbox services
The faster your customer payments get processed, the faster your business gets paid. Save time and effort collecting and processing payments, including processing payments on the same day.
- Convenient automatic deposits on day of receipt
- Customized, timely reporting
- Secure access to deposit archive
- Reduced rejections with secure web-based exceptions app
Cash Vault Services
Designed for businesses that make frequent deposits and require a continuous inventory of coin and currency.
- Convenience - Place order 24/7 without leaving your business
- Security - Deposits and cash orders are delivered via armored courier
- Savings - Reduce branch visits and travel expenses
- Advanced Credit - Options credit business accounts in advance
Image Cash Letter (ICL)
Utilize your own internal check capture system to remotely scan your deposits and transmit an Image Cash Letter file securely to the bank for deposit to one or multiple approved accounts.
Reduces paperwork and increases accuracy
Eliminates trips to the bank
Increases production and extends cutoff times
Mobile Deposit or Remote Deposit Capture
Both allow you to transmit check images for deposit at any time, but there's more.
Deposit checks straight from your mobile device
Deposit checks from your office using a special device
Collecting receivables is crucial to cash flow
We know that collecting receivables is crucial to cash flow. Our solutions help accelerate and simplify the process of collecting receivables so you can access funds more quickly.
Connect with a Treasury Management Expert
Whether you need to maximize your working capital, enhance operating efficiency, or control risk, we have the products, services and tools to manage your business financial needs for long-term success.
More solutions for your business
On April 2, 2022, People's United Bank, N.A. merged into M&T Bank. It is now part of M&T Bank and its former branches and most services will operate as the People's United division of M&T Bank until we complete the integration of our systems later in 2022. M&T Bank is a Member FDIC, 
Equal Housing Lender and Equal Opportunity Lender.