Treasury Management Services

Whether your business needs are simple or more sophisticated, we have a solution for you. FirstBank local Relationship Managers can tailor business banking services to fit your specific needs.  Give us an opportunity to show you how.

Collections & Deposits

Streamline your financial management process with these cost - effective options which can help you speed up access to available cash and reduce fraud risk.

  • ACH Services

    Streamline payments and reduce transaction costs with electronic credits and debits. Services including direct deposit, direct debit, business-to-business transactions as well as cash concentration and disbursement allow you to pay vendors, distribute payroll and collect dues and payments with the click of your mouse.

  • Remote Deposit Capture

    Process and deposit remittance payments received at your office faster and more efficiently.

    Reduce the costs and delays typically associated with trips to the bank and to make your daily deposits with FirstBank’s Remote Deposit Capture (RDC). Remote Deposit Capture enables businesses, to make deposits electronically to FirstBank by simply uploading a file from your PC.

  • Lockbox Services

    We will collect your mailed receivables from an assigned P.O. Box, deposit your checks, and provide online images of all checks and invoices.  This provides additional controls and allows for reallocation of administrative time.

  • Merchant Services

    Credit and debit processing – accept credit and debit cards on the spot, over the phone or via the web.

  • Wires

    Receive incoming wire information via FirstBank Online Banking.

Disbursements & Payments

Control how and when cash moves out of your company’s business banking accounts – manage your accounts and time your payments.

  • ACH Services

    Streamline payments and reduce transaction costs with electronic credits and debits. Services including direct deposit, direct debit, business-to-business transactions as well as cash concentration and disbursement allow you to pay vendors, distribute payroll and collect dues and payments.

  • Purchasing Card

    Helps you control and efficiently manage corporate travel, entertainment, and vendor payments.

  • Wires

    Originate one-time or recurring wire transfers via FirstBank Online Banking.

  • Direct Deposit

    Eliminates paper and helps to protect your company against fraud.  Your employee can have their payroll directly deposited into their specified bank account. Eliminates reissuance of checks, placement of stop payments.

  • Tax Payments

    Tax payments can be made directly to the IRS using FirstBank online banking. Payments are sent two business days prior to due date.

  • Zero Balance Account (ZBA)

    Control your cash management system – whether your control needs are for collections or disbursements.  Automatically monitor and manage your accounts daily without manual intervention.

Funds Management

Manage your cash balances to maximize earning potential and minimize costs.

  • Zero Balance Accounts (ZBA)

    FirstBank’s solution to help you “take charge” of your cash management system.

    Whether your control needs are for collections or disbursements, FirstBank’s zero balance accounts let you automatically monitor and manage your accounts daily without manual intervention.  With the ability to set floor and ceiling balance levels your company can separate distinct disbursement or deposit activity into separate accounts while eliminating the excess balances by retaining cash in a single master account.

    • Issue payroll checks without worrying about making a funding deposit or transfer.
    • Deposit money at a division or subsidiary level without a complicated process to report the deposit made or initiate the funds transfer.
  • Sweep Services

    FirstBank’s automated sweep services… automatic use of your end-of-day balances to earn interest or pay down a line of credit.

    Eliminate idle balances – FirstBank’s Sweep Services link your commercial or business checking account with an investment option and/or a revolving line of credit to maximize investment returns, minimize borrowings, or both.  The investment option automatically invests collected funds over a predetermined target balance.  The loan option transfers collected funds over the target to pay down a loan or line of credit.  In addition, we will advance funds to cover deficient balances below the target through an automatic transfer from the line of credit.

    Reduce your workload and worries – By automatically maintaining your target balance, FirstBank’s Sweep Services reduce your workload and eliminate worries about transfers not made because of employee turnover or absenteeism within your company.  Also, your funds in repurchase agreements are collateralized.

    We offer:

    • Investment choice: Repurchase Agreement
    • Any target balance determined by you and your relationship manager, which can easily be altered as your needs change
    • Sweep options to meet your needs – investment, loan, or combination

    Access information easily -You can view sweep transactions through FirstBank’s Access Online direct inquiry and transaction services.  We provide sweep investment information on your combined account statement, which simplifies reconciliation.

Risk Management

Identify, assess and prioritize risk – FirstBank values its role as your financial partner as you review today’s treasury risk decisions you face.

  • ACH Block / Filter Services

    Protect deposit accounts against unauthorized ACH debit and/or credit transactions.

  • Controlled Disbursement Account

    Eliminates the guesswork in gauging daily presentments; simplifies balance management, investment and borrowing decisions.

    FirstBank’s Controlled Disbursement Account provides same - day early notification of checks clearing current day.

  • Check Imaging

    Easy, fast access to paid check images via CD-ROM at month-end or between statement cycles.

  • Positive Pay Services

    FirstBank Positive Pay Services help detect check fraud by electronically matching checks that are presented to the checks you have issued.  This comprehensive service can significantly reduce your exposure to check forgery and fraud.
  • Sweep Services

    Automate your daily cash management decisions with sweep options to meet your needs by investment, loan or a combination.

  • Zero Balance Accounts (ZBA)

    Control your cash management system – whether your control needs are for collections or disbursements.  Automatically monitor and manage your bank accounts daily without manual intervention.

FDIC