Create a more efficient workplace with time-saving technology
Every business would like to increase productivity. One solution is to find faster and better ways to move money and manage finances. You can streamline operations, reduce overhead costs and allow your workforce to focus on other important matters with First Bank Elk River's Cash Management services.
Remote Deposit
Use a special workplace scanning system to process incoming checks and deposit them directly into your accounts.
- Works with your current business computer hardware and software
- Scan batches of checks any time of day
- Review check images and then safely transmit them with the push of a button into your First Bank Elk River business account
- Enjoy later daily deposit deadlines and gain access to funds faster
- Easily generate daily deposit summaries
- Eliminate time-consuming trips to the bank
ACH Services
Send and receive payments electronically, saving time and money and reducing paper use.
- Automated Clearing House transactions are faster, safer and more secure than traditional paper-based check payments
- Initiate ACH transactions electronically from existing software via upload to
- Online Banking - or use ACH software in Online Banking provided by First Bank Elk River
- Provide direct deposit payroll services to your employees
- Make one-time or recurring payments to your vendors and suppliers
- Control the timing of your payments for enhanced cash flow
- Collect outstanding invoices from your clients or business partners
- Reduce postage costs associated with mailing paper bills
Wire Transfers
A secure, electronic way to send large payments to clients, vendors and business partners - and to receive funds from them.
- Incoming and outgoing wires
- Foreign and domestic transactions
- Same-day delivery of funds available
- Multi-layered security
- Hard-copy confirmation of your transaction by mail or fax
Online Banking
Turn your business's computer network into a one-stop financial hub for almost all financial matters.
- Around-the-clock account access
- Get precise balances in real time
- Transfer funds between accounts
- Review transaction histories
- Make loan payments
- Pay bills electronically using optional Bill Pay service
- View images of cleared checks
- Download information to commercial accounting software
- Receive alerts notifying you of significant account activity
Business Mobile Deposit
Conveniently deposit checks using camera enabled smartphones and tablets.
- Ideal for businesses with low check volumes and remote field personnel
- No need to drive to the bank, deposit checks anywhere, anytime
Merchant Card Processing
Increased business starts with saying “YES” to credit card processing.
- Accept and process debit and credit card transactions
- House your credit card processing with First Bank Elk River to work with people you know
Positive Pay
Take a serious step toward deterring check fraud with this automated cash management service. You'll stay one step ahead of criminals and safeguard your cash flow.
- Use positive pay to match the checks a company issues with those it presents for payment
- Any check considered suspicious is sent back to the issuer for examination
- The system acts as a form of insurance for your company against fraud, losses, and other liabilities
Fees may apply to these services, contact Patty Carbajal at 763-712-7842 or pcarbajal@elkriver.bank for more information!