coins and ball point pins sitting on top of american dollar bills
Kensington Bank offers support services to assist our business owners with the day-to-day operations of running a business. From payment solutions to fraud prevention, we have you covered. Payroll services and ACH Payments are available for your convenience.
With ACH, businesses can make electronic funds transfers at their convenience. This service allows you to create, upload, import and submit ACH files to Kensington Bank for further processing.
Easily execute debit / credit functions
Offer your employees direct deposit payroll*
Provide your customers with direct debit billing
Have membership dues debited from customers
Create ACH formatted files within Digital Banking or upload files to Digital Banking from your existing software
*Not a payroll services provider.
Make your deposit without coming to the bank! Remote Deposit Capture (RDC) makes this possible. Checks are scanned right at your desk in your own office. The file is then transmitted securely to your account at Kensington Bank. Multi-factor Authentication and easy setup get you up and running with ease.
An active business checking account with Kensington Bank
Adequate secure storage for imaged checks
A scanner, which we provide
A PC with Windows 7, 8.1 or 10
A high speed Internet connection
For everyone who is on the go depositing that check and not being close to a bank is not a problem. Make deposit from anywhere using your mobile device. Simply snap a picture of your check and transmit your image. You have now made a deposit to your account good to go.
Positive Pay is an efficient fraud detection tool is offered to Kensington Bank business clients to help you prevent check fraud. This service matches the account number, check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued by the company. All three components of the check must match exactly or it will not pay.
Positive Pay requires the company to upload a file of issued checks to the bank. When those issued checks are presented for payment at the bank, they are compared electronically against the list of transmitted checks. The check-issue file sent to the bank contains the check number, account number, issue date, and dollar amount.
When a check is presented that does not have a “match” in the file, it becomes an “exception item.” Each day the customer is presented with their exception items through Digital Banking. The customer has the ability to tell the bank whether to pay the item of return it to the depositing bank.
You can simplify your accounts payable process by electronically scheduling and arranging payments to your creditors or anyone else.