May 22, 2013
MasterCard®/VISA® Merchant Program
Northeast Bank helps its retail, business services and restaurant customers increase their sales through our MasterCard/Visa Merchant Program. Features of the program include:
- All supplies (except electronic terminal, printer or imprinter which are available for purchase)
- Account statements mailed monthly
- 48-hour electronic processing
Northeast Bank offers the Business Manager ® program to assist credit-worthy businesses and professionals with accounts receivable and cash flow management. This multi-functional program combines accounts receivable funding and billing with cash management, monitoring, and reporting. This program is especially good for start-up businesses experiencing rapid growth.
Lock Box Service
Using Northeast Bank’s lock box service, payments go directly to a locked Post Office Box which we access daily. This service speeds up your receivable processing. It gets you the money faster, reduces the amount of float you carry, increases your average daily collected balance, and thereby increases your earnings credit.
Internet Banking and Cash Management
Northeast Bank offers state of the art Internet Banking services and Cash Management. Please see the Online Banking area for complete information.
Northeast Health Savings Account
If you are self employed or have an insurance plan with a high deductible, a Health Savings Account could be an excellent way for you to use pre-tax dollars to pay out-of-pocket medical expenses. Check with your insurance provider or your employer to determine if a health savings account would benefit you.
Business Select brings banking to your desktop. With Business Select you can generate electronic payments and credits, and have access to online records of all your activity. Business Select also allows you to deposit your checks by scanning them with a special scanner designed to meet the requirements for processing check images. Images are transmitted to Northeast Bank and your account is credited that same day.