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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…
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…
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…
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…
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…
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….
Today we’d like you to meet Matthew Benoit! Matt is an avid skier who also enjoys days at the beach and kayaking in Westerly. Matt takes pride in heading the Groton Scholarship Committee, where he is able to make a difference in the lives of Fitch High School students. 1. What is your current role…
Exploring Socially Responsible Impact Investing “Cease being intimidated by the argument that a right action is impossible because it does not yield maximum profits, or that a wrong action is to be condoned because it pays.” – Aldo Leopold Do you prefer to invest according to your values? How are the companies you invest in…
New England Propeller was founded at Bradley Field in Windsor Locks, CT in 1952. The company is an FAA-certified airplane propeller repair station which overhauls, repairs, and sells airplane propellers. The business was started with a focus on larger military planes but soon began working on commercial and private airplanes as well. In the 1960s,…
Founded in 1949 out of Ray and Donna Densmore’s home in Old Mystic, Densmore Oil has been serving the community with reliable oil delivery and heating services since the company’s start. A full-service, family-owned and operated business, Densmore has expanded their offering over the years to include automatic fuel delivery, heating service plans, air conditioning…
