Payables

Take control of your payments

NBT Bank can help you precisely time your payments through ACH or wire transfers. NBT also offers a variety of business credit card options to fit the needs of your organization. See the many ways NBT Bank’s Payables solutions can control how your money moves.

ACH for Payments

Looking for a convenient payment option for your employee payroll, vendor payments, tax payments and other business payables? Our Automated Clearing House (ACH) service electronically delivers payments with minimal administration and easy paperless reconciliation. The service eliminates expensive costs and reduces fraud risk associated with check processing. Our Treasury Management experts can advise how ACH can play a role in your payments strategy.

ACH Regulations. What you need know.

How can ACH with NBT help my business?

• Lower administrative cost compared to checks
• Faster payment and settlement time
• Mitigate fraud by reducing number of checks issued

Wire Transfers

Send time-sensitive payments electronically with NBT Bank’s wire transfer services. Domestic and International payments in various currencies can be initiated through our Digital Banking portal. Store beneficiary information for recurring payments or send a one-time payment. If you are paying international business partners in US Dollars, consideration should be given to paying in the beneficiaries’ local currency. Because currency exchange rates are constantly changing, remitting payment in their local currency eliminates the foreign vendors currency exchange risk which may result in savings for you. Our Foreign Currency Calculator can help you make informed decisions on the best currency to remit payment in.

The following information can be used to send a wire to an NBT Bank account:

ABA / Routing Number: 021303618
Swift/BIC: NBTNUS31
Bank Information:

NBT Bank, N.A.
52 South Broad Street
Norwich, NY 13815

How can Wire Transfers with NBT help my business?

• Timeliest of all payment options
• Safe and convenient electronic origination options
• Can be used for domestic and international payments

Card Solutions - Purchasing Card

The NBT Bank One Card from NBT Bank and Elan Financial Services combines corporate travel, purchasing and fleet card programs into a single streamlined payment solution. A purchasing card program gives your organization unified processing, simplified management, and maximized savings.

Visa^® Worldwide Acceptance

The NBT One Card provides access to the Visa® worldwide network with acceptance at millions of merchant locations and ATMs. Use of the One Card ensures your employees access to goods, services, and cash around the globe —eliminating the need for more costly alternatives such as petty cash or cash advances.

Easy Card Data Integration

The One Card can be fully integrated with your electronic expense reporting (EER) system, so you get valuable information to help you monitor T&E spending and aid in vendor negotiations. You’ll get detailed transaction data captured on every purchase making tracking and reconciliation easy and convenient.

^*Subject to credit approval

How can a Purchasing Card help my business?

• Lower transaction costs
• Rebate revenue
• Robust reporting and card controls

Other Business Credit Card Options

Not sure if the NBT Bank One Card is right for your business? We have other Business Credit Card options that may be a better fit. Our dedicated Treasury Management Team can help you determine which of our business credit card options will work best for your company.