Online Banking

Treasury Management

  • Time is money. Know-how earns you both.

Payables

People's United Bank Treasury Management provides the products and services to quickly and efficiently manage your company’s payables. The ability to schedule and pay your vendors electronically through ACH or Wire Transfer is only part of our approach to maximizing your payable needs.

Please scroll down for more details on our Payable products and services.

To contact a Treasury Management Representative call 1.866.831.5717.

Automated Clearing House (ACH)
Convenient, efficient and secure means for incoming and outgoing payments

Automated Clearing House (ACH)

Using eTreasury+, our state-of-the-art Web-based treasury management system, you can streamline the transfer of funds and reduce the number of paper checks you write. Use ACH services for T&E reimbursement, vendor payments, direct deposit of payroll, pre-authorized payments, tax payments, and more.

Electronic Data Interchange (EDI)

An EDI item is a special type of ACH payment that has an addenda record attached to the financial transaction. The addenda record contains various pieces of information relating to the dollar amount being sent (an example of information included in an addenda record is the invoice number(s) that should be credited for the payment sent). People's United Bank is able to interpret this information and provide you with a same-day fax of information the sender put in the addenda record.  

Features and Benefits:

  • Improve productivity
  • Increase accuracy and reduce errors
  • Improve funds availability by avoiding delays created by invoicing and mailing of checks
  • Reduce your carbon footprint by eliminating the use of paper and ink

 

Account Reconciliation
Facilitates reconciliation of business checking accounts

Account Reconciliation 

Account reconciliation can help simplify and streamline your monthly reconciliation efforts.  With Full Reconciliation, your company sends us a file containing check issue information and we match checks-issued with checks-paid and balance the activity to your bank statement.  Any discrepancies will be researched and resolved by People’s United prior to providing your monthly recap reports.   Reports include a paid and outstanding item report as well as exception reports for items like stop payments, voids and deletes.  Reports are conveniently made available to you via eTreasury+, our internet banking platform.

Features and Benefits:

  • Fast and reliable way to reconcile accounts
  • Automated reporting
  • Save time reconciling high volume accounts
  • Search and view check images anytime

 

Positive Pay
Protect your company against check fraud

Positive Pay

For comprehensive protection against check fraud, Check Positive Pay is the best solution.  Your Company transmits check issue data (i.e. check number, dollar amount, issue date, etc.) to the bank which is then matched against each check presented for payment.  Items that do not match are rejected and presented for further review and decisioning by your Company.  Check Positive Pay is integrated with our eTreasury+ (our internet banking platform) to provide single login access to positive pay protection. File uploads, manual additions and deletes, online decision making of exception items, and reconciliation reports are available online for quick and easy access through your single, eTreasury+ login.

Features and Benefits:

  • Online access is available through eTreasury+
  • View exceptions and issues daily online
  • Generate outstanding reports
  • Track user activity
  • Create a default decision for exception which are not decisioned
  • Increased account security
  • Reduced Fraud

 

 

Wire Transfer
Irrevocable, same day transfer of funds

Automated Wire Services

People's United Bank makes it possible to quickly and securely move money around the country or around the world.  Wires can be originated in any one of our convenient branch locations, by utilizing eTreasury+ (our online banking platform), or by taking advantage of our Automated Wire Service.

eTreasury+ Wire Origination

eTreasury+ puts the ability to initiate wire transfers right at your fingertips.  Domestic, International USD and Foreign exchange wires can be sent with just the click of a button.  Wire data can be housed in templates or imported directly from your system and can be initiated in a single or batch process.  For your convenience, FED reference numbers are provided right in eTreasury+.  You’ll also find robust security features that make it simple and easy to establish security parameters unique to each of your Company’s users. 

Automated Wire Services

Let People’s United take care of your standing wire needs.  You provide us with the receiving bank information, frequency, along with any target balance requirements and we’ll take care of the rest.  Your wires will be sent promptly without any additional effort on your part.

 

Payroll Services
Personalized payroll processing for your business

For any size business, payroll processing can be a challenge. Tax requirements are increasingly complicated, while employee benefit options are evolving constantly. Simply stated, time spent on payroll processing is time that could be spent generating revenue for your business. That's where our Payroll Services team can help.

We’ve been processing payroll for thousands of New England businesses since 1969. Whether you're an established business or just starting out, we offer payroll processing that will free up staff time, deliver accurate tax filing, and ensure compliance with state and federal requirements. And, unlike other providers, our services include a dedicated staff member who serves as your contact person for all of your payroll activity.

Features and Benefits:

  • A dedicated payroll representative to service your business' needs
  • Remote payroll data entry, viewing and submission via OnlineEmployer
  • Free direct deposit
  • Federal, state income and unemployment tax payments for employees in any state
  • Preparation and filing of all quarterly payroll tax forms
  • Year-end W-2 reporting and reconciliation
  • Smooth transition from your current payroll system or provider any time of year

In addition, we offer several optional, payroll-based services such as automated timekeeping and online report viewing, as well as payroll deduction programs for a variety of employee benefits programs including pre-tax benefit plans, HSAs, 401(k) plans and Workers' Compensation.

For additional information about employee benefit plans and internet payroll options, click here.

To learn more, contact a Payroll Services specialist today at 1-800-846-4497, or visit your nearest People’s United branch. For a free rate quote, click here.

Business Card Services
Convenient and flexible payment solution

Use People’s United Bank MasterCard BusinessCard (MCBC) as an easy and convenient payment solution for all of your business expenses – control spending, monitor expenses, streamline your bill payment process – all while saving time and money! Let us show you how know-how can give you the credit you deserve.

Take advantage of our convenient and flexible payment solution

  • Accepted locally, nationally, worldwide and online
  • Monitor balances and spending online 24/7 in real time
  • Receive statements and make payments online
  • Receive optional combined statements
  • Customize individual card usage to better control spending
  • Advanced reporting, analysis & monitoring capacities
  • Interface data to your accounting system & general ledger
  • Expense reporting and allocation module available

Improve your cash flow:

  • You have 25-55 days to pay purchases interest free
  • Vendors get paid in just a few days

Receive assurance and protection on all purchases:

  • Zero liability on fraud transactions
  • Extended warranty on purchases
  • 90-day purchase assurance
  • 24 hour emergency services provided when traveling
  • Free rental car insurance

Save money using your People’s United MasterCard BusinessCard:

  • Card and most extra features are free
  • Save the expenses of checks and check processing
  • Save employee time on check-writing and statement reconciliation

Let us show you what know-how can do in providing a convenient, flexible, affordable payment solution for all your business needs.

Apply Now

You can also ask your People’s United relationship manager about our MasterCard BusinessCard today, or call us at 800-441-4025.

 

Paycard
Cost effective payroll processing

People's United Bank and NetSpend are dedicated to providing a turn key solution to allow organizations to implement a cost effective payroll card program to achieve 100% direct deposit. The employer and employee both benefit from the paycard with the flexibility to issue the card instantly and it's acceptance nationwide

Features and Benefits:

  • Corporate Cost Savings
  • Online, real-time applications
  • Instant Issue MasterCard Branded Cards
  • Simplified enrollment and funding
  • Can be used anywhere MasterCard debit cards are accepted
  • Cardholders can access 100% of their funds free of charge
  • Can be used at ATMs nationwide

To learn more, contact a Payroll Services specialist today at 1-800-846-4497, or visit your nearest People’s United branch. For a free rate quote, click here.

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