We can help your business with a complete range of cash management solutions, including services that expedite your deposits, manage your payments and consolidate your funds for greater control. First State Bank's cash management products and services offer clients an improved bottom line by helping manage cash requirements within your company. Coupled with options to make the best use of your funds, we provide an effective means of managing your financial requirements.
Automate the process of balancing your checkbook with this service, which allows you to match issued items against paid items for a specified period. Your account file can be exported in industry standard or comma delimited file formats for account reconciliation purposes. By simplifying and speeding the balancing of your account, Account Reconciliation cuts your overhead costs.
ACH is a low-cost alternative for paying individuals or companies. The different applications include direct debits, direct deposit, cash concentration and disbursement, tax payments and vendor payments. This service requires advance bank approval prior to activation.
- Collect Payments / Assessments Electronically
- Reduce Billing and Mailing Costs
- Processing to Coincide with the Company's' regular billing cycle
- Allows single ACH transactions
- ACH Batch allows payroll transactions
- Templates for recurring or scheduled transactions
- Output files in Nacha format
Deposit pick-up provides convenience and saves you time while speeding your deposits to the Bank and thereby improving your cash flow. Special delivery of monthly Bank statements is also available.
Through a number of solutions, First State Bank can help employers deliver employees' net pay to their financial institution the morning of payday. This is accomplished by delivering an ACH Origination file to First State Bank prior to payday for further distribution through the ACH system. This service requires advance bank approval prior to activation.
Benefits include:
- Reduced cost for check stock and check storage
- Increased security for the company and its employees
- Eliminates time lost on payday due to employees going to the bank to cash checks
- Time saved on account reconcilement
- No lost or stolen checks
Cash Management allows businesses to make Federal, State, City and County tax payments directly via computer. Additionally, Electronic Federal Tax Payment System (EFTPS) allows business owners to pay federal taxes by phone or online. Simply designate your First State Bank account as your debit account and your working capital can earn interest or dividends up until the day you submit your federal payroll, non-payroll or income taxes. For more information or to enroll, call EFTPS customer service (800) 945-8400 or visit EFTPS Online Website address at www.eftps.gov .
Wire Transfers is a fast, easy, cost-effective and secure method to move funds. Cash Management allows business customers to go online and transfer money in just minutes. You can send repetitive or non-repetitive wire transfers, with templates available for recurring and scheduled transactions.
Credit and debit card acceptance is essential in doing business today. It's convenient for customers, efficient for you - and easy when you partner with First State Bank.
First State Bank facilitates merchant bank card processing services through our extensive corresponding bankcard processing network.
First State Bank assists businesses in obtaining competitive pricing, personal service and quality products to meet all of your payment processing needs. Whether you have been accepting cards for years, or you have just decided to start, we have the right program for your business. Our experienced partners will meet with you to determine your needs, help you quickly set up your program and provide ongoing maintenance and enhancement services. To learn how First State Bank's merchant services can help increase your sales while decreasing paperwork, contact us today.
|
