Eastern Bank Business Payment — Complete Guide

Overview of Eastern Bank Business Payment Options

Eastern Business Banking® provides a comprehensive suite of payment tools designed for businesses of all sizes. Whether you need to pay vendors, process payroll, send wire transfers, or make tax payments, the platform offers secure and efficient solutions accessible through the Eastern Business Bank login portal.

The Eastern Bank business payment system supports the following payment types:

• ACH Payments — electronic payments for vendors, payroll, and recurring bills
• Wire Transfers — domestic and international high-value transfers
• Bill Pay — automated bill payments to vendors and service providers
• Tax Payments — federal and state tax obligations
• Employee Payments — direct deposit payroll processing
• Remote Check Deposit — deposit checks from your office

ACH Payments Through Eastern Business Banking

ACH (Automated Clearing House) payments are the most common method for business-to-business electronic payments through Eastern Bank. ACH payments are cost-effective, reliable, and suitable for both one-time and recurring payments.

Setting Up ACH Payments

To initiate an ACH payment through Eastern Business Banking:

1. Log in to your Eastern Business Banking account
2. Navigate to the Payments section and select "ACH"
3. Add or select a recipient from your payee list
4. Enter the payment amount and select the funding account
5. Choose the payment date (immediate or scheduled)
6. Review and submit the payment for approval

Depending on your user permissions, ACH payments may require dual approval. The account administrator can configure approval workflows to ensure proper internal controls.

ACH Payment Processing Times

For detailed ACH setup instructions, see our ACH Payments Guide.

Wire Transfers

Wire transfers through Eastern Bank provide same-day, irrevocable funds transfer for high-value transactions. Wire transfers are ideal for real estate transactions, vendor payments requiring immediate confirmation, and international payments.

Domestic Wire Transfers

Domestic wire transfers within the United States are processed the same business day if submitted before the cut-off time. You'll need the recipient's bank routing number, account number, and name.

International Wire Transfers

For international wires, Eastern Bank processes SWIFT transfers. Required information includes the recipient's IBAN or account number, bank SWIFT/BIC code, and full beneficiary address. International wires may take 1-3 business days to settle.

For complete wire transfer instructions, see our Wire Transfer Guide.

Bill Pay for Business

Eastern Bank's business bill pay service allows you to automate recurring payments and manage all your vendors in one place. Key features include:

• Single & recurring payments — schedule one-time or automatic payments
• Payee management — store vendor information for quick access
• Payment scheduling — set payment dates up to 365 days in advance
• Payment history — view and export payment records
• Remittance details — include invoice numbers and notes with payments

For setup instructions, see our Bill Pay Guide.

Tax Payments

Eastern Business Banking supports electronic federal tax payments (EFTPS) and state tax payments directly through the platform. You can schedule tax payments in advance to ensure timely filing and avoid penalties.

Supported Tax Payment Types

• Federal income tax (Form 940, 941, 944)
• Federal tax deposits (FTDs)
• State income tax
• State sales tax
• Payroll taxes (federal and state)

Employee Payments & Payroll

Eastern Bank's employee payment feature allows you to process direct deposit payroll through ACH. You can set up recurring payroll schedules, manage employee banking information, and generate payroll reports — all within Eastern Business Banking.

Payroll Processing Schedule

Remote Check Deposit

Eastern Bank offers Remote Deposit Capture (RDC) for business customers, allowing you to deposit checks from your office using a desktop scanner. This service eliminates trips to the branch and accelerates check clearing.

Monthly maintenance for Small Business Remote Check Deposit is $40 per month. Additional fees may apply per the Business Banking Fee Schedule.

Payment Security Features

All Eastern Bank business payments are protected by multiple security layers:

• Positive Pay — fraud prevention for checks and ACH transactions
• Dual approval — configurable approval workflows for payments
• Payment limits — per-user and per-transaction dollar limits
• ACH filtering — block unauthorized ACH debits
• Audit trails — complete payment history and user activity logs

Learn more about protecting your account in our Online Banking Security Guide.

Frequently Asked Questions