It’s not just how much money your business makes, it’s what you do with it that counts.
Through a wide-range of cash management products and services,
we make it easier than ever for you to collect, manage, invest and disburse your funds:
To learn more about Firstrust’s Treasury Management services, call today at 800-220-BANK (2265).
Automatic Clearing House (ACH) and Electronic Data Interchange (EDI) Services
Reduce your costs, gain faster cash flow and reduce collection delays with Firstrust Bank’s ACH and EDI services.
ACH
Our ACH Service includes:
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Initiation of debits and credits
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Direct deposit of payroll
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Payment of invoices
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Prearranged payment or deposit
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Consolidation of funds from other banks and collections
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Transaction initiation online through our Commercial Internet Banking service
ACH transactions are for items that do not require immediate payment as they must be initiated one or two days before their settlement date.
EDI
Firstrust uses the standard Financial EDI (FEDI) system. FEDI is used to send information from company to company, company to bank and bank to company. FEDI can help improve reporting requirements and managing information electronically for:
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Invoices
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Payment initiation
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Payment and remittance advice
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Lockbox information
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Balance information
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Account information
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Reconcilement information
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Account analysis
To utilize Firstrust Bank’s ACH and EDI services, call a Banking Specialist today at 800-220-BANK (2265).
Controlled Disbursement Service
Eliminate idle balances, improve your cash forecasting and minimize borrowing through Firstrust Bank's Controlled Disbursement Service.
Each business morning, Firstrust Bank will notify you of the total dollar amount of checks that will be presented that day for payment. This service can help you determine your daily cash position. And the early-day notification allows you to take advantage of better market rates for investing and borrowing.
If necessary, you can transfer funds from other accounts or investments by 3:00 p.m. to cover the amount of checks to be cleared. To find out how our Controlled Disbursement Service can help your business, call a Firstrust Banking Specialist at 800-220-BANK (2265).
Image Solutions
Obtain online access to images of paid checks and account statements when you need them with Firstrust Bank’s Image Services.
Firstrust Bank’s Image Services offer state-of-the-art digital technology to enhance its disbursement services. Through our Commercial Internet Banking, you can:
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View front and back images of paid checks and account statements (prior day’s check clearings are available today)
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Access check images directly on your e-statement so you no longer have to wait for paper statements
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Obtain your digital statements on CD-ROM for better storage and more convenient research
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Automated image transmissions to accounting or ERP systems are available
Images are clear and crisp and are available any time you need them. Call a Firstrust Banking Specialist at 800-220-BANK (2265) today to put Image Solution Services to work for your business.
International Services
Doing business internationally? Firstrust International Services are geared toward increasing the efficiency of your operations by giving you the ability to effectively move money overseas and to collect on your foreign denominated items.
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Make payments overseas via wire
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Draft in either foreign currency or U.S. dollars
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Collect on foreign currency-denominated checks
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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
Firstrust Bank makes it easy for you to bank online for collection, disbursement, and investment activities and to obtain account information. You get real-time access 24 hours a day, seven days a week.
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Check account balance and transaction information
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Initiate Automated Clearing House (ACH) debits and credits
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Initiate wire transfers
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Lockbox services
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Make tax payments
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Obtain copies of paid checks
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Place a stop payment on a check
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Positive Pay
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Process your payroll
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ReadyDeposit®
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Transfer funds between accounts
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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
Accelerate your collections and reduce collection float with Firstrust Bank’s Lockbox Service. Firstrust Bank will provide you with experience, expertise and state-of-the-art equipment to process your receivables and improve the availability of your funds.
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:
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Improved cash flow
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Accelerated access to funds due to reduced mail float and processing float
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Online access to real-time images of check and remittance documents
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Automatic updating of receivables
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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
Firstrust Bank Sweep Investment Service can help optimize liquidity for your company’s assets. Our overnight investment solution maximizes short-term returns on idle commercial checking account balances.
How it Works:
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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
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You have complete access to the transferred funds each business morning
You choose the Money Market Mutual Funds* where you wish to have your money swept:
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Corporate and Bank obligations
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Repurchase Agreements
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U.S. Treasury securities
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Municipal securities
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Government agency obligations
Put your company’s cash to work while you rest. Call a Firstrust Banking Specialist today at 800-220-BANK (2265).
Positive Pay
Ernst & Young estimates annual losses due to check fraud to exceed $10 billion. Reduce the likelihood of check fraud with Firstrust Bank’s Positive Pay Service.
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®
At Firstrust Bank, we know you would rather be focused on your customers' needs than your banking needs. Save time and deposit your checks without ever leaving your office with our ReadyDeposit System.
ReadyDeposit is a fast, easy and secure way for your business to make check deposits.
What this means to you:
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Check scanner is connected to your computer
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No copying checks - front and back images are stored for you
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Eliminates trips to the bank - deposit right from your desk
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Receive an electronic posting file each day that can be uploaded into your accounts receivable system
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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.
Watch a Demo of ReadyDeposit®!
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Wire Transfer
Wire transfer is the fastest of all electronic funds transfer (EFT) methods. Firstrust Bank provides access to Fedwire, the Federal Reserve funds transfer system through our Commercial Internet Banking Service or via our telephone service.
With EFT, you can:
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Obtain greater control of your cash flow by controlling payment initiation and cash flow from subsidiary accounts
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Initiate transfer either online or over the phone – you choose the best method for your needs
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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
Managing your company’s cash flow, payroll and operating expenses can prove to be challenging. Zero Balance Account Service from Firstrust Bank helps you manage multiple accounts with ease and efficiency.
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:
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Each individual checking account (such as payroll and operating expense accounts) keeps a zero balance
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All deposits made into them are transferred automatically to a single master account
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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).