First Business


Our Collection Services can improve operational efficiencies, enhance receivable management, and reduce the risk of fraud.

Automatic Clearinghouse (ACH) Origination

  • Process debit or credit files
  • More efficient with no checks to reconcile and no stop payments necessary
  • Less expensive than issuing and reconciling checks
  • Less expensive than wire transfers
  • Settlement of funds within one day of origination

Cash Concentration

  • Consolidate funds into First Business Bank from other financial institutions by setting up scheduled transfers
  • Set up transfers through ACH for specific dates, days, or collected balance criteria

Remote Deposit Capture

    • Make deposits electronically from your place of business by scanning checks
    • Checks are retained and secured under your dual control
    • Scanner is small and easy to install
    • Web-based application requires no additional software
    • Information can be downloaded into your Accounts Receivable software package
    • Extends deadline for submitting deposits
    • Convenient because it eliminates trips to the bank, deadlines for courier, and delays in mailing deposits
    • Eliminates the need to hold deposits
    • Consolidate bank accounts to eliminate maintenance and reconciliation expenses

Wholesale Lockbox

  • Convert receivables into available cash more quickly and efficiently
  • Payments mailed directly to central lockbox location where they are deposited and credited on the same day received
  • Streamline collections by eliminating the need to prepare deposits and take them to the bank
  • Efficient processing accelerates the availability of funds
  • Increase in available cash can mean a reduction in interest expense on a loan, an investment opportunity, or a reduction in bank fees
  • Time saved frees your staff for other responsibilities within the business
  • Receivables are processed in a secure, controlled environment

Courier

  • Loan payments and deposits are picked up by First Business Bank couriers
  • Delivers petty cash and financial documents
  • Provides personal check cashing service
  • Receipt included with next time delivery
  • Monthly account statements sent via courier to eliminate mail delays
  • Cater to client pickup needs: daily, specific day, or on-call

Merchant Credit Card Services

  • Debit and credit card acceptance
  • Competitive pricing
  • Open-ended term agreement
  • Equipment and integration assistance
  • Personalized client service from designated relationship managers
  • Annual account review


    FBIZ Advantage

    Stay on top of your game with First Business resources tailored to your business needs.

  • VideoHow Remote Deposit Works
  • See More

    The FBIZ Advantage is a resource center geared to help you with all your business needs.

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