Did you start your business so you could spend your time processing paper? Probably not. First Bank Elk River Cash Management services offer you immediate relief on multiple fronts.
Business Services
Less Administration, More of What You Care About
We provide the tools and expertise necessary to:
Improve daily cash flows with daily Sweep Accounts
Reduce wasted time spent processing customer payments with Lockbox Services
Enable automated credit card payments with Merchant Card Services
Maximize the use of your funds with scheduled Electronic Payments
Itemize your spending with the use of Corporate Credit Card Programs
Want us to spell out the value of these services to your organization?
Just ask and we’ll send a Business Banker straight to you to craft a custom cash management solution for your organization.Unchain your business with Remote Deposit
Remote Deposit frees you from those daily, time-consuming and expensive trips to the Bank! Simply scan and send your deposits, electronically and safely into your First Bank Elk River business account.
Remote Deposit Possibilities:
Receive funds faster; reduce float time.
Eliminate the need to go to the Bank.
Enjoy later, daily deposit deadlines. Offers speed, savings, convenience and security.
No need to purchase or maintain software.
Improves efficiency and profitability.
FOR $35.00 PER MONTH YOU CAN CENTRALIZE YOUR CHECK PROCESSING IN ONE PLACE AND AT ONE BANK.
Contact your Business Banker today to get set up.How Remote Deposit Works
Remote deposit allows you to make deposits into your First Bank Elk River Accounts as follows:
- Go to First Bank Elk River Website
- Click on the Remote Deposit Icon at the bottom of the page
- Log into the secure Remote Deposit website
- Run your checks through the Remote Deposit scanner
Timely Electronic Payments
Save time and money with efficient and secure electronic payments through the Automated Clearinghouse (ACH). ACH is faster, safer, easier, and more secure than traditional paper-based check payments.
Provide direct deposit payroll services to your employees
Make state and federal tax payments
Control the timing of your payments and make one-time or recurring payments to your vendors and suppliers
Eliminate preparation, delivery, and reconciliation expenses related to paper checks
Collect outstanding invoices from your clients
You can initiate ACH transactions electronically from your existing software via upload to Internet Banking or build ACH transaction right in Internet Banking, through optional software First Bank Elk River can provide, or by phone.
Secure, Same-Day, Electronic Funds Transfer
Whether you have a large payment in need of extra security or a same-day payment requirement, wire transfer services may be your answer.
First Bank Elk River is capable of processing same day settlement of both incoming and outgoing wires through the Fedline of the Federal Reserve System. First Bank Elk River's wire transfer services provide:
Multi-layered security
Hard-copy confirmation of your transaction by mail or fax
Want to learn more?
Give us a few basics about yourself as well as your preferred method of communication and we’ll be in touch as soon as possible to walk you through the service.24 X 7 Access to Mission-Critical Information
With Internet banking, First Bank Elk River is always open. Take care of your daily bank business anytime and anywhere with Internet access. It’s safe and easy.
See up-to-the minute balances
Transfer funds
Make loan payments
Download information to your accounting software
Pay your bills electronically using our optional BillPay service
Make use of a later end-of-day cut off time
Check account histories
View check clearings
