PayPlus Payroll and Payables
UniBank provides a full service payroll and/or payables checking account, complete with FREE checks. This account is also interest bearing so you make money on the ‘float’.
Remote Deposit Capture
UniBank offers the ability to deposit checks right from your office anytime you want using an easy to use scanner we install. An electronic lockbox remittance feature interfaces with your municipal software for easy and accurate payment posting and updates.
State Aid Reporting
Our comprehensive report on all ‘Cherry Sheet’ and monthly aid deposited each day. We do the research for Commonwealth of Massachusetts payments so you don’t have to.
Interest Allocation and Trust reporting
UniBank’s Interest Allocation and Trust reporting are second to none. We consolidate as many or as few accounts as you need, allocate the interest, and deliver a full detailed report every month.
UniBank offers a full suite of online banking capabilities to help make managing your money as easy as possible. The Business Apps system will initiate wires, ACH receipts and payments, and tax payments. You can also safely send your payroll and vendor ACH files to UniBank through our secure site.
UniBank has teamed up with IBM® to offer Trusteer Rapport™ – an online fraud protection software available to UniBank customers that delivers extra security while you’re using our website.
Trying to go paperless? UniBank offers e-statements allowing you to view, print and download new and previous statements through our online banking product.
Municipal Money Market
Our Municipal Money Market account earns a preferred rate and is provided with our full line of online banking services and the full protection of the FDIC and DIF. These accounts are subject to the Reg D laws governing electronic transfers and withdrawals.
We also offer a full range of Certificates of Deposit to be purchased in 30 – 60 day ranges. In addition to these long term investment we also offer a high yield 7 day CD that may be more convenient.
Automated Clearing House (ACH) services gives your municipality the ability to send and receive money electronically on predetermined dates. You can use the ACH system to process electronic withdrawals from customers and make deposits to employee or vendor accounts.
- Reduce costs and inefficiencies of producing checks
- Manage receivables and payables more efficiently
- Simplify payroll reconcilements
- Accessible through UniBank’s Online Banking system making it simple to create templates, upload files, and process each ACH batch
Designed to help you avoid financial loss due to check fraud, Positive Pay is a simple, safe and secure web-based account fraud protection and check management tool. Using Positive Pay, UniBank compares the account number, check number, dollar amount, and payee of each check that is presented for payment against the list of checks authorized by you. If all four items match, the check will be processed. If any item does not match, the check will be flagged for your review. You decide whether to pay or return the check.
The safety and confidentiality of financial information is always a priority for those with responsibility for management of government funds. At UniBank, we are dedicated to the protection of our customers’ information. From internal security, like firewalls and state-of-the-industry encryption methods, to security procedures that verify wire transmittals, we continually test and update all of our systems and procedures. You can have confidence that UniBank is dedicated to the protection of your valuable information. Additionally, we offer security education to help keep you in-the-know about how to keep your accounts safe and secure.
Every deposit account at UniBank is insured in full – no matter how much money you have in the bank. In addition to Federal Deposit Insurance Corporation (FDIC) insurance, UniBank offers Depositors Insurance Fund (DIF) protection. Each depositor is insured by the FDIC to at least $250,000 per account ownership category. All Deposits above the FDIC limits are insured in full by the DIF. Along with our history dating back to 1870 of banking in Central Massachusetts, that is a level of comfort and security you can bank on!