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Treasury Management Services

women uses her tablet

Treasury Management Services

First National Bank’s Treasury Management Services are designed to help businesses manage funds efficiently, effectively, and automatically. We offer you a full line of choices to help you spend less time on your books and more time concentrating on your business.

We will tailor a program that is specific to the needs of your business. We will learn how your business operates, review your present deposit relationship or Treasury Management program, and prepare a Treasury Management solution that meets your unique needs.

Our services can be divided into two main components: Receivable Services and Payable Services

RECEIVABLE SERVICES

For most small businesses, improving cash flow starts with improving collections. The primary goal of these services is to expedite the collection of receivables:

Business Remote Deposit Capture– Tired of trying to beat the afternoon traffic and the clock to get your deposit to the bank before it closes? With First National Bank’s Remote Capture Deposit, you don’t have to leave your desk. With innovative technology, simply use a special scanner to capture check images and safely transmit to First National Bank for processing. All you need is a computer and a secure internet connection. As a result, you will receive faster access to funds and better cash flow. No driving. No delays.

With Remote Deposit enjoy:

  • Convenient, no-hassle banking
  • Immediate scanning of checks as they arrive
  • Increased productivity for you and your employees
  • Safe handling of checks
  • Decreased liability
  • Allocation of funds into multiple accounts
  • Easy record keeping

Automated Clearing House (ACH) – Electronic payments and collections via the Automated Clearing House (ACH) are the best way to streamline payables and receivables and reduce your costs of collecting and receiving payments. ACH transactions offer a host of cash flow benefits, including reduced payment costs, better control of payment timing, greater payment reliability and more accurate cash forecasting. The most common ACH applications are:

  •  Payroll direct deposit
    •    Pre-authorized debits and credits
    •    Vendor payments
    •    Cash concentration and disbursement
    •    State and federal electronic tax payments

PAYABLE SERVICES

Automated Clearing House (ACH) – Electronic payments and collections via the Automated Clearing House (ACH) are the best way to streamline payables and receivables and reduce your costs of collecting and receiving payments. ACH transactions offer a host of cash flow benefits, including reduced payment costs, better control of payment timing, greater payment reliability and more accurate cash forecasting. The most common ACH applications are:

  •  Payroll direct deposit
    •    Pre-authorized debits and credits
    •    Vendor payments
    •    Cash concentration and disbursement
    •    State and federal electronic tax payments

Wire Transfers – Wire transfers are the most immediate, reliable and secure means of transferring funds available. They are usually most appropriate for high-dollar, time-sensitive transactions.

Direct Deposit– Payroll direct deposit has become increasingly common today as more and more employees have accepted the idea of having their pay deposited directly into their bank accounts, instead of receiving a paper check.

Direct deposit is a tremendous time saver for employees, who no longer have to worry about going to the bank to cash or deposit paychecks (not to mention losing their paychecks). For employers, direct deposit streamlines payroll operations, saves money in payroll processing costs, improves cash management and simplifies account reconciliation.