Commercial Deposit Services
Collection of ACH Funds (Automated Clearing House)
Create electronic transfers to collect funds from other companies or individuals on a one-off basis or through scheduled recurrences from your clients electronically by originating ACH through First IB, crediting your account.
Remote Deposit Capture
Makes depositing checks simple and easy by scanning your check right in your office and uploading the scanned images to First IB through your online banking system.
Concentrate funds into one account with a minimum target balance on the other. Maximize interest earned by linking your commercial checking to a business savings account; minimize the interest paid by linking your commercial checking account to your commercial line of credit. Talk to a Relationship Banker today about the sweep combination that works best for you.
ZBAs (Zero Balance Accounts)
Consolidate your cash balances between principal and subsidiary accounts using a ZBA account. Linking accounts together can help prevent overdrafts on subsidiary accounts and help protect your operating checking account number for fraud prevention purposes.