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Lending Support to Businesses of All Sizes

Whether new to the neighborhood like The Tin Peddler in North Stonington, or a long-time Mystic staple like S&P Oyster Restaurant and Bar, Chelsea Groton worked in big ways and small to lend financial support and expertise to area businesses (including many eateries) over the last year, and continues to do so as we move…

5 Smart Steps to Buying a Home

If you’re looking to purchase a home, it’s important to take certain steps ahead of time, so when you find the perfect home, you’re ready to make an offer. Here are five steps to buying a home to keep in mind: 1. Get your credit in order. Having good credit is essential to getting approved for…

Team Member Spotlight: Get to Know Alyssa Bryan

We’d like you to meet Alyssa Bryan! Alyssa’s passionate about staying on top of new banking products and helping members resolve fraud claims. She loves spending time with family and friends and dreams of vacationing in an overwater bungalow in the South Pacific. 1. What is your current role and department?Digital Banking Operations Specialist 2….

Meet Rebecca Magner, AT, Customer Solutions Manager at the Bank’s Pawcatuck Branch

Rebecca Magner joined the Bank five years ago as Assistant Branch Manager of the Pawcatuck branch. In 2017, she transferred to the Groton branch in the same role, and in 2018, moved back “home” to the Pawcatuck branch as the Customer Solutions Manager.  Rebecca is passionate about helping community members and her team members achieve…

The Benefits of Positive Pay

Among the many business banking solutions that Chelsea Groton offers businesses of all sizes, Positive Pay enables businesses or organizations to upload a file of issued checks to the Bank each day that checks are written. As checks are presented for payment, they are matched to the list of uploaded checks to ensure that all…

The Benefits of a Convenient and Secure Wire Transfer System

Chelsea Groton recently implemented a new wiring system, which complements our online Wire Transfer Service, to provide business customers with an efficient, streamlined and secure experience when sending and receiving wires. Improved EfficienciesThrough Chelsea Groton’s online Wire Transfer Service, business customers are able to submit wires directly within online banking, rather than manually sending a…

Let’s talk about Remote Deposit Capture

In our current environment, business owners are exploring new and convenient ways to do their banking. Chelsea Groton offers several secure treasury management solutions to help business owners achieve efficiencies. One tool that hundreds of our business customers have benefitted from is Remote Deposit Capture (RDC), which enables Chelsea Groton customers to “deposit” checks electronically…

Let’s Talk About Online Entitlements

Some people may not be aware of all that can be accomplished through a single sign-on into online banking. Businesses are able to deposit checks without visiting a branch location, pay vendors and employees electronically in order to avoid check writing, and provide employees with the convenience of direct deposit. Businesses can also initiate wire…

Improving Your Company’s Cash Flow

One of the biggest challenges companies face is efficiently managing cash flow. Chelsea Groton Bank offers ACH Origination Service, which enables businesses to efficiently manage payment collection, disbursement, and concentration of funds. This solution helps businesses save time, and it enhances internal controls, with options to restrict and enable users and their limits. Here’s how…

Tips for Staying Safe Online

The Federal Trade Commission reported that in 2019, American consumers lost almost $1.9 billion to online scams and fraud, and with the ongoing pandemic there are even more scams out there today. Here are 10 tips from the Federal Deposit Insurance Corporation (FDIC) to help customers stay safe online and protect themselves from online scammers….