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Customize your business cash management services to suit your needs
You can customize the Business Cash Management solution to meet your needs.
Choose one or a suite of products that access and control your critical banking activities. Business Cash Management allows designated employees access to certain accounts and functions. Those specific users can set up their own “preferences.” Complete privacy, controlled through client and employee identification codes and passwords, ensures only authorized access to your company’s accounts.
With your critical banking applications in easy reach, Business Cash Management frees you to concentrate on your business.
- Set up company payroll Direct Deposit
- View account balances
- View check images
- View deposited item images
- Transfer funds
- Initiate and view stop payments
- Positive Pay
- Remote Deposit
Reduce the time and expense your company spends issuing and depositing checks. With First Minnetonka City Bank’s ACH (Automated Clearing House) Origination services you can save time and money by eliminating paper check processing.
Using our ACH credit origination service, you can make payments to various recipients. Examples of this type of payment include payroll direct deposit, expense reimbursement payments and dividend payments.
Using our ACH debit origination service, you can deduct prearranged payments from your customer’s bank account. Examples of this type of payment collection include homeowner association dues, insurance premiums, rent payments and charitable contributions.
First Minnetonka City Bank’s ACH Origination service offers the following advantages:
- Easy to use templates
- File Import capability
- Less exposure to check fraud, no lost or stolen checks, reduces the need to place stop payments.
- Reduces the costs of processing, storing and reconciling manual checks.
First Minnetonka City Bank’s ACH processing allows your company to take advantage of the speed, accuracy and efficiency of electronic payments.
Enjoy the convenience of making deposits electronically 24-hours a day, 7-days a week, even weekends. Electronic deposits can reduce trips to the bank or eliminate costly courier fees. Preparing deposits electronically is very efficient, reducing labor costs and freeing up staff for other tasks.
Remote Deposit allows qualified businesses to deposit their customers’ checks electronically using a desktop scanner connected to a personal computer and the Internet. Checks can be scanned and deposits can be submitted to the bank anytime day or night.
First Minnetonka City Bank provides you with all the equipment you need to get started. The scanner is a check image device that captures crisp, clear images of each item in a single pass. The checks are converted to images and electronically delivered to First Minnetonka City Bank for processing.
With Remote Deposit, the bank is never further away than your desk.
As a First Minnetonka City Bank client, you have access to fraud protection services through Business Cash Management Online Banking, which can help identify check fraud before it’s too late.
First Minnetonka City Bank offers a helpful and efficient web-based check verification service called Positive Pay that can help businesses combat check fraud. Positive Pay compares checks presented for payment against check information you provide electronically to First Minnetonka City Bank in order to identify discrepancies, or “exceptions.” You are notified when an exception occurs so you can review the check(s) and determine if a fraud attempt has been made. If you believe that a check is fraudulent, you can indicate that the check should not be paid instantly.
At First Minnetonka City Bank, we offer exceptional personal service while delivering business solutions that make sense.
Your business is unique and so are its challenges. No matter what type of business you run, we have solutions available to help you optimize your credit/debit card processing needs.
First Minnetonka City Bank has partnered with FiNet. FiNet is making payments smarter, faster and easier. From the largest retailers in the U.S., to the coffee shop down the street, to your favorite eCommerce website, FiNet is leading the transformation in payments through chip-enabled cards, mobile wallets, and technology solutions for businesses of all sizes.
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