Faster Ways to
Pay and Get Paid
Torrington Savings Bank offers ACH and Wire Transfers to help make receiving and sending payments faster and easier.
Optimize your cash flow by using Torrington Savings Bank’s Automated Clearing House (ACH) service for secure timely payments and collections.
With ACH, you can:
- Send out payroll direct deposits or expense reimbursements to your employees
- Pay vendors electronically to ensure on-time payments
- Make federal and state tax payments
- Use for cash concentration transfers between accounts
- Collect payments from customers using pre-authorized debits
Online Wire Transfers
Your time is valuable and your business has no boundaries. Online wire transfers provide your business a fast and secure way to transfer funds to individuals, customers, and vendors.
With Online Wire Transfers, you can:
- Securely initiate wire transfers domestically or internationally in U.S. dollars or foreign currency funds whether down the street or across the world
- Send recurring wire transfers to the same recipient
- Ability to create reusable wire templates
- Wire transfer service is integrated with online banking
Benefits of Both
- Reduce the amount of checks you write and automate processes
- Improve expense control and cash flow management
- Safe and secure way to transfer funds
- Reduce administrative and other operating costs
Find out if this service is right for your business
Some Cash Management products may be subject to additional terms and conditions or fees. Contact a Business Banker to learn more about these services.