First Business®

Your Success Comes First.

TREASURY MANAGEMENT

Deposit accounts, treasury management services, and trust and investment services are offered by our affiliates First Business Bank - Madison and First Business Trust & Investments.






REMOTE DEPOSIT
  • Allows deposits to be scanned and electronically sent from the place of business.
  • Scanner is small and easy to install.
  • Web-based application requires no additional software.
  • Information can be downloaded into Accounts Receivable software.
  • Extends deadline for submitting deposits.
  • Convenient because it eliminates trips to the bank, deadlines for couriers and delays due to mailing deposits.
  • Eliminates need to hold deposits.
  • Provides an opportunity to consolidate bank accounts (eliminates maintenance and reconciliation expenses).
CASH CONCENTRATION
  • Ability to set up scheduled transfers to consolidate funds into First Business Bank from other financial institutions.
  • Set up transfers through Automatic Clearinghouse (ACH) for specific dates, days, or collected balance criteria.
  • May use Internet Banking for this service.
CONTROLLED DISBURSEMENT
  • Access to number of checks and total dollar amount clearing same day via Internet Banking.
  • Able to manage borrowings based on inclearings; no need to borrow excess funds to cover checks.
  • Eliminates overdrafts.
DEPOSITORY TRANSFER CHECKS
  • Order initiated to transfer funds from another financial institution to First Business Bank.
LOCK BOX
  • Converts 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.
  • Streamlines collections by eliminating the need to prepare deposits and take them to the bank.
  • More 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.
  • The time saved can free staff for other responsibilities within the business.
  • Receivables are processed in a secure, controlled environment.
  • Deposits are processed according to client specifications by specialized processors who are familiar with lockbox payments.
INTERNET BANKING
  • Up-to-date balances for loans and deposit accounts.
  • View transaction history and check images.
  • Place a stop payment on a single or series of checks.
  • Transfer funds between internal and external accounts.
  • Account reconciliation.
  • Cash concentration, collection and disbursement.
  • Originate electronic bill payments.
  • File taxes electronically.
  • Payroll/direct deposit processing.
  • Automatic Clearinghouse (ACH) processing of debits and credits.
  • Positive Pay functionality.
  • Administrative function for users.
  • Can create a personalized home page.
  • Communicate with bank via e-mail.
SWEEPS AND SCHEDULED TRANSFERS
  • Money management -- maximize interest earned and minimize loan interest paid.
  • Sweeps set up based on client specifications: automatically, by day, date, excess, deficit, zero balance, or three way.
AUTOMATIC CLEARINGHOUSE (ACH) PROCESSING
  • Process debit or credit files.
  • Initiate payroll/direct deposit.
  • 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.
  • Access via Internet Banking using NACHA formatted software or bank purchased software.
POSITIVE PAY
  • Account reconciliation of checks clearing versus checks issued (upload files)
  • History available for up to 45 days.
  • Early access to suspect checks clearing account.
  • Secure.
  • Reduces potential check fraud.
  • Saves time with on-line exception decision making.
ACCOUNT RECONCILIATION
  • Send files of issued checks monthly to match paid checks.
  • Balances account with reports of outstanding items.
  • Saves time reconciling checking account each month.
  • More accurate balancing.
WIRE TRANSFERS
  • Same day transfer of funds to external financial institutions.
  • Domestic or international.
  • Funds immediately available for use.
  • Ability to track where funds originated and where they are sent.
ACH BLOCK AND FILTER
  • Allows for a total block of ACH Debits from an account
  • Option to create filter list for pre-authorized ACH Debits
  • Telephone verification for unlisted ACH Debit attempts
  • Easily add or delete authorized ACH transactions from filter list