Banking: Busy summer season calls for mobile banking

Filed Under: June 2018 Issue, Toolbox Articles

By John Fulone
The summer season will soon kick into full gear here on the Cape. As we welcome back second-home owners and visitors, we’ll likely also notice increased traffi­c from pedestrians, cyclists, and motorists. For those of us here year-round, the increased population adds time – and sometimes frustration – to our otherwise normal everyday tasks … like going to the bank.
Today, there are plenty of convenient services available to help business owners spend less time banking and more time running their business.
These cash management services are available year-round, but certainly become front and center during our busy summer season. Taking advantage of them will save you time and money … and perhaps lower your blood pressure.

  • Online and mobile banking services give you 24-hour cash management options. You can get up-to-the-minute account information so you always know your cash position. You can also pay bills, transfer funds between accounts, make loan payments, and originate wire transfers. It’s safe, convenient, and secure. These services let you bank on your schedule … anytime, anywhere.
  • Remote Deposit Capture (RDC) is a great service for businesses that accept checks for payment. RDC allows you to scan checks and transmit the images to the bank for deposit right from your o­ffice … rather than driving the deposit to the bank. For businesses with only a few checks to deposit, mobile banking allows you to deposit checks by simply snapping a picture of the check using the camera on your mobile device. These services are particularly handy during the summer (think about driving during June, July, and August, along Route 28 anywhere between Falmouth and Harwich, anytime between 9 a.m. and 8 p.m. vs. making deposits from your o­ffice).
  • Businesses can move money anywhere in the country or around the world using secure Automated Clearing House (ACH) and wire transfer services. ACH allows you to transfer money to and from your accounts at different banks. Wire transfer capability allows your business to easily make individual currency transfers to an account at most financial institutions worldwide within the same business day.

These are just a few of the convenient banking services available to help make your life easier not only during the summer but all year long. Today’s technology makes it possible for business owners to do much if not all of their banking anytime, anywhere. We offer these services at The Coop. We also have convenient locations from Falmouth to Harwich … if you just need to get out of the offi­ce for a while. Either way, we’re here to serve you. Come on in, give us a call, or contact us online for more information on how we can help your business do more business.
John Fulone is Chief Strategy and Marketing Officer at The Cooperative Bank of Cape Cod. He can be reached at (508) 568-3306 or

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