Business Account
Running a Business Can Be Challenging. Banking Shouldn't Be.
WHICH ACCOUNT WORKS FOR YOU?
Business Checking | Premier Money Market | Community Checking¹ | Business Savings | |
|---|---|---|---|---|
Minimum Deposit to Open | $500 | $2,500 | $100 | $100 |
Monthly Service Charge² | $5 | $10 | $6 | |
No Per Item Charges | ||||
Treasury Management Services³ | ||||
Business Debit Cards | ||||
Mobile Wallet & Mobile Banking with card controls | ||||
Nationwide ATM Network |
WHICH ACCOUNT WORKS FOR YOU?
Business Checking | |
|---|---|
Minimum Deposit to Open | $500 |
Monthly Service Charge² | $5 |
No Per Item Charges | |
Treasury Management Services³ | |
Business Debit Cards | |
Mobile Wallet & Mobile Banking with card controls | |
Nationwide ATM Network |
Premium Money Market | |
|---|---|
Minimum Deposit to Open | $2,500 |
Monthly Service Charge² | $10 |
No Per Item Charges | |
Treasury Management Services³ | |
Business Debit Cards | |
Mobile Wallet & Mobile Banking with card controls | |
Nationwide ATM Network |
Community Checking¹ | |
|---|---|
Minimum Deposit to Open | $100 |
No Per Item Charges | |
Treasury Management Services³ | |
Business Debit Cards | |
Mobile Wallet & Mobile Banking with card controls | |
Nationwide ATM Network |
Business Savings | |
|---|---|
Minimum Deposit to Open | $100 |
Monthly Service Charge² | $6 |
Business Debit Cards |
WHAT IS TREASURY MANAGEMENT
Treasury management services can streamline business finances by managing cash, investments, and other financial assets. It’s a management system that optimizes your business’s liquidity, while also mitigating its financial, operational, and reputational risk.
Treasury management encompasses collections, disbursement, information reporting, capital management, currencies, and risk management for businesses-tracking and managing a business’s cash flow, including the funds going in and out, investments, accounts receivables, etc.
Why is it important?
Treasury management services aid in keeping business finances on track while gaining more control and efficiency with cash flow, payments and payroll, accounting, and banking. Single-Member LLCs and Sole Proprietors may not need much more than business checking and savings accounts with mobile and online banking, as well as BillPay. However, larger business with 10 or more employees are likely going to need more help with cash management.
There are many benefits to enrolling a business in treasury management services:
- Time Efficiency: Businesses can save time by streamlining payment processes and reduce hours spent on payment authorization.
- Cost Savings: Use treasury management tools and resources to detect and identify the cost of transactions and other related payment fees. Having access to this data can help businesses see where they might be incurring additional fees and work to mitigate that.
- Cash Visibility & Forecasting: Gaining control over financial processes can alleviate some of the guesswork in financial planning and reduce costly errors. Forecasting also gives you the ability to obtain additional yield on investments, lower-cost borrowing decisions, and pay down debt methodically. Cash visibility allows decisions to be made in a positive way that affects a business’s bottom line.
- Improve Productivity: Automate manual processes such as financial data management or automated payment initiation.
- Fraud Protection: Detects and protects against fraud and breaches. With services like account alerts and ACH, business owners are able to see in real time if there is suspicious or fraudulent activity happening.
Focus More on What Matters
Instant Issue Debit Cards
The days of waiting weeks to receive your new debit card are over. Just stop by one of our convenient locations today and get your debit card in a flash!
Video Tellers
Visit one of our Video Tellers to bank with real bankers from 7:00am to 9:00pm Monday – Friday and 8:00am to 12:30pm on Saturdays.
Direct Deposit
Direct Deposit is an easy way to have payments deposited directly into your checking account.
eStatements With Check Imaging
Protect yourself from identity theft and reduce the clutter of paper statements. To enroll, simply log on to your online banking account, click on Account Statements under the Accounts tab, and read and accept the terms and conditions. That’s it! You are now automatically enrolled and will receive notifications via e-mail when your next statement is available.
Rewards Program
Earn a little extra cash for banking with First Service Bank! Our rewards program allows you to accumulate points by performing normal account functions like using your debit card or setting up direct deposit.
Online BillPay
Set up BillPay to take the hassle out of paying your bills. You’ll be able to automate your payments to come out of your account each month. Billpay is a free service as long as you pay one bill per billing cycle. Otherwise, a fee of $5.95 will be assessed.
You Deserve Superior Service
Switching your business bank account is easy! Download your SwitchKit to see the difference superior service can make.
¹Community Checking – This account is for Community Organizations
²Business Checking $5 monthly service charge, $0 if you maintain a balance over $500 per month.
Business Money Market $10 monthly service charge, $0 if you maintain a balance over $2,500 per month
Business Savings $6 statement cycle charge if account falls below $100 during the statement cycle, $0 if you keep a balance higher than $100 during the statement cycle
³Business Checking, Business Money Market, and Community Checking – This account offers Treasury Management Services. TMS includes Online Banking:
- BillPay – FREE BillPay through Online Banking if one bill is paid per billing cycle
- eStatements
- ACH origination
- Wire request
- Ability to download Money, Quicken, or other financial management software
- NACHA Import
Treasury Management Services also includes FREE Positive Pay, FREE Merchant Capture, and Merchant Services.
*Annual Percentage Yield (APY) accurate as of 01/25/21. Rate is as follows: 0.23% APY applies as long as the balance is at or above $20,000.01 on each qualification cycle. 0.13% APY applies to all balances below $20,000.01. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. If the account is closed before the end of the cycle, interest accrued will be paid.
**Billing Cycle is based on Billpay enrollment date.
