Online Business Banking: Security Tokens
Once activated, the same token is used for all token supported services.
No. You only need to activate the token one time. Once activated, the same token is used whenever you are prompted to enter a token code.
No. You only need to activate the token one time, regardless of which computer is used.
Contact your company administrator who, in turn, should contact the Cambridge Savings Business Banking Group at (617) 441-7051.
Online Business Banking
We utilize Enhanced Login Security, or ELS, which strengthens security at login by adding an additional authentication factor beyond the basic login requirements. So, when you login with ELS, our online banking system is not only authenticating your credentials, it is validating that the access is being requested from your computer and browser. Enhanced Login Security is required and is an easy way to further help prevent identity theft and fraud.
Bill payments can be made for any amount up to $9,999.99 per item, with a maximum of up to $19,999.99 total payments per day.
Electronic billing is only available from select companies and the list of companies continues to grow.
Yes, you have access to your account information 24 hours a day, 7 days a week.
Yes, you can name your accounts in a manner that allows you to easily identify them. In fact, this is encouraged since certain applications generate e-mail confirmation messages back to the company and reference the account by the account description or “nickname” assigned.
Yes, you can download your transactions from within the online banking system to QuickBooks® or Quicken®. You can also create a comma-delimited text file that can be read by most database systems, spreadsheets and word processors.
If you try to login to the online banking system on an additional computer/browser, the system will give you the opportunity to enroll for ELS by presenting you with security questions, displaying two of the five questions you have already set-up. You will need to answer those two questions correctly in order to login. Any computer you intend to use with regularity should be registered in the online banking system. To do this, login to the online banking system and select “Enroll this Computer for Future Use”.
Note: We highly recommend that you do not enroll public computers, such as those found in libraries and internet cafes for ELS.
Yes, with you can set-up a variety of alerts that serve as notifications or reminders of payments related to a particular payee or online billing. The alert notifications are sent via email. To set-up these alerts, go to the Payee screen. Next to the payee, under Email Notifications, click Change. You will be able to add, edit or delete notifications on this screen.
Transferring funds to accounts at other banks can be done by wire transfer or through the ACH service; both are available as optional services requiring Bank approval.
Go to the Payments screen to view, edit or delete a payment. This screen displays the status of all bill payments that are pending or have been sent to the payee. Payments with a status of “pending” may be edited or deleted.
You should discuss applying for Bill Payment with a Cambridge Savings Bank representative. They will assist you with the application process.
To apply, call 888-864-BANK and ask to speak to a Business Relationship Manager.
If a payee can provide electronic billing, you will be prompted by the online business banking system with a “Set up e-Bills” or “Set up online bills” screen. Just fill in the requested information and click “Continue” to start receiving electronic billing from that payee.
You can pay one or more electronic bills from several places within the online business banking system. Unpaid bills appear in the Incoming Bills area on the Payments Overview page. Recurring payments to an electronic biller can be found in the Pending Payments section of this page. At any point, you can opt to View Bill. After viewing a bill, you can select Pay Bill to provide payment instructions. Or, you can select File Bill to merely have the bill stored.
The system is accessible through our web site, www.cambridgesavings.com. The Primary Administrator has full access and authority for the assigned accounts and is able to add and delete users at any time.
Each company has a unique Company ID and secret Company Password. In addition, each user will have a unique User ID and secret User Password. Both are needed to access accounts through online banking.
The online banking system will prompt you to choose five security questions and enter answers for each. You will then be asked to add extra security to your computer.
To avoid the need to answer your security questions at subsequent logins, please click the checkbox on the Enhanced Login Security screen that says ‘Enroll this Computer for Future Use.’
Typically, your account’s balance is current. But, if an asterisk appears next to a balance, it is as of the last business day.
An electronic bill takes approximately 3 business days to reach the payee; a paper check will take up to 5 business days to reach the payee. Your payee list will display what payment form (check or electronic) the payee accepts.
It just takes a few minutes. Once you have entered a new payee, you may enter a payment to your new payee immediately.
Your Balance information, Account History transaction information, and your Bill Payment history are stored up to 12 months.
At Cambridge Savings Bank, we have taken every precaution necessary to be sure your account information, transactions and emails within the system are transmitted safely and securely. The latest methods in internet banking system security are used to increase and monitor the integrity and security of the system. Our system supports 128-bit data encryption which is the highest level available commercially. You will need a browser that supports this level of encryption.
The online banking system simplifies the process of sending wire transfers. Authorized users can set up electronic wire transfer requests within the system to wire funds up to the approved dollar limit.
ACH services provide an automated and electronic means to send and receive payments. Direct Deposit allows you to process transactions such as employee payroll, dividend payments, expense reimbursements and trust disbursements. Direct Payment allows you to collect payments such as rents, leases, membership dues and utility bills.
If a “non-sufficient funds” (NSF) condition exists, the payment will be returned via banking channels. You may also be charged a fee (please refer to the current Fee Schedule).
If a payment is returned, your bill payment account will be “blocked,” preventing any scheduled or recurring bill payments until the NSF condition is resolved. In the event that your account is “blocked,” please contact us to resolve it. If you make a deposit so your account balance is positive, the bill payment service will not work until you have contacted us.
The Electronic Federal Tax Payment System is an internet based system allowing businesses to make Federal tax payments electronically. To use this system, you must submit an enrollment form to the IRS.
Electronic billing is a digital version of your paper bills that you can receive through the online business banking bill payment service. Electronic bills come directly from your biller. You can view balances, transactions and other statement information on your electronic bill, and then pay your bill online with the online business banking system.
You can view detailed deposit and loan account information, transfer1 funds between designated Cambridge Savings’ deposit accounts, place stop payments on checks, initiate balance alerts, set up automated transfers1 between Cambridge Savings’ checking and savings accounts based on designated balance levels, view images of cleared checks and order checks. Optional services include viewing and paying your bills online, making wire transfers, initiating Automated Clearing House2 (ACH) transactions, and making tax payments through the Electronic Federal Tax Payment System (EFTPS). Online banking also allows you to create customized reports to assist you with tracking and monitoring account activity.
1 Transfers from a money market account to another account or to third parties by preauthorized, automatic, telephone/facsimile, or computerized transfer are limited to six per statement cycle with no more than three by check, draft, point-of-sale, debit card, or similar order to third parties. For statement savings accounts, the limit is six transfers per monthly statement cycle.
2 Subject to approval.
You can link any business checking, statement savings, money market, CD and most business loans and lines of credit accounts. For loan accounts, you can view information but transaction capabilities are not available at this time.
PFM software versions are always changing and being updated. The Cambridge Savings Bank online business banking system can be used with the most recent versions of QuickBooks® and Quicken®, plus the previous two releases. We support both Windows and Macintosh PFM applications.
Please contact our Customer Service Center at 888-418-5626 with the payee name and confirmation number of the payment that can be found on the Reports screen.
A company official with account signing authority will designate their company’s primary administrator for the online banking system. This individual will have total access to the system, and will have the ability to set up other users. For security purposes, each additional user can have full or limited access and authority based on the user’s responsibilities.