Commercial Products and Services

International Services

• Make payments overseas via wire
• Draft in either foreign currency or U.S. dollars
• Collect on foreign currency-denominated checks
• Assured accuracy and quick access to your funds through our efficient collections processing

You can rely on local responsiveness for your international business from Firstrust banking specialists who can provide you with competitive currency rates and help expedite overseas transactions.

Put our Banking Specialists to work for your international business today by calling 800-220-BANK (2265).

Commercial Internet Banking

• Check account balance and transaction information
• Initiate Automated Clearing House (ACH) debits and credits
• Initiate wire transfers
• Lockbox services
• Make tax payments
• Obtain copies of paid checks
• Place a stop payment on a check
• Positive Pay
• Process your payroll
• ReadyDeposit^®
• Transfer funds between accounts
• View current and past statements

Increase control over your accounts and get up-to-the-minute account information in a secure 128-bit SSL encryption environment that is firewall protected.

To sign up for Firstrust Bank’s Commercial Internet Banking Service, click here or call 800-220-BANK (2265) to speak with an Internet Banking Specialist.

Lockbox – Retail and Wholesale

We receive these payments through the mail facility located in Philadelphia. Your receivables are processed, and we transmit payment information to you on a daily basis. This process reduces delays in funds availability caused by mail float.

Firstrust Bank’s Lockbox Services offer more effective and efficient cash flow management to your business by creating:

• Improved cash flow
• Accelerated access to funds due to reduced mail float and processing float
• Online access to real-time images of check and remittance documents
• Automatic updating of receivables
• In-house processing by local and experienced Firstrust Bank staff

We offer Retail and Wholesale lockbox services to meet your specific needs. Which type of Lockbox Service is right for you?

Retail Lockbox
Retail Lockbox is for consumer-to-corporate businesses with high-volume, low-dollar payments that require expedited processing. You get the reduced administrative costs and processing time associated with large volume transactions.

Wholesale Lockbox
Wholesale Lockbox processes corporate-to-corporate low-volume, high-dollar payments that are matched to specific invoices or several invoices.

Need a Lockbox to more quickly convert your receivables into cash or speed the collection of payments to your company? Call a Firstrust Banking Specialist today to find out how at 800-220-BANK (2265).

Overnight Investment Sweep

• Each night excess funds in your commercial checking account are automatically transferred into a designated investment vehicle and returned to your account the following morning
• You have complete access to the transferred funds each business morning

• Corporate and Bank obligations
• Repurchase Agreements
• U.S. Treasury securities
• Municipal securities
• Government agency obligations

Put your company’s cash to work while you rest. Call a Firstrust Banking Specialist today at 800-220-BANK (2265).

* An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1/share, it is possible to lose money by investing in the Fund.  Yields and returns will fluctuate as market conditions change.  Past performance is not indicative of future results. The yield quotations more closely reflect the current earnings of the Fund than the total return quotation. 

Positive Pay

Through our online system, Positive Pay offers you the ability to compare checks that have been presented for payment with your check issue information. You can easily identify any suspicious items and instantly determine which should be paid and which should be returned.

Firstrust’s secure Internet Banking Service provides a safe and efficient way to detect fraudulent items such as checks with duplicate serial numbers or checks that have been voided, stolen or altered.

At Firstrust, it’s our business to keep your business assets safe and secure. Call a Firstrust Banking Specialist at 800-220-BANK (2265) to put Positive Pay to work for you.

ReadyDeposit^®

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ReadyDeposit is a fast, easy and secure way for your business to make check deposits.

What this means to you:

• Check scanner is connected to your computer
• No copying checks - front and back images are stored for you
• Eliminates trips to the bank - deposit right from your desk
• Receive an electronic posting file each day that can be uploaded into your accounts receivable system
• Helps you deposit your funds quicker and easier

Spend more time with your customers and avoid lengthy lines to deposit your business checks. Put ReadyDeposit to work for your business right away. Call a Firstrust Banking Specialist at 800-220-BANK (2265) to get started.

Wire Transfer

With EFT, you can:

• Obtain greater control of your cash flow by controlling payment initiation and cash flow from subsidiary accounts
• Initiate transfer either online or over the phone – you choose the best method for your needs
• Choose same-day transfer or select a future transfer date

Contact a Banking Specialist at 800-220-BANK (2265) to get started with our wire transfer services.

Zero Balance Account

Through a Zero Balance master account, we can help you manage subsidiary accounts, concentrate deposits and fund disbursements without monitoring multiple accounts and performing multiple banking transactions.

Here’s how it works:

• Each individual checking account (such as payroll and operating expense accounts) keeps a zero balance
• All deposits made into them are transferred automatically to a single master account
• All checks written on the individual accounts are paid with a free automatic transfer from the master account when needed

Our goal at Firstrust is to provide you with products that help you best manage your business banking needs. With Zero Balance Account Service you can optimize your investments, fully fund your disbursements and centralize your account balances to save you time and money.

Call a Firstrust Banking Specialist to get started with Zero Balance Account Service at 800-220-BANK (2265).