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Efficiently Manage Cash Flow for Your Business
At First Bank and Trust Company we provide a variety of cash management services to help your business or organization manage its payments and finances. When you elect to utilize our cash management services, you can expect a personal, long-term relationship where you're provided with expert care and solutions that are tailored to your business.
We are one of only a few community-based banks with the resources and capabilities to offer you the best in cash management solutions, and the excellent customer service from our dedicated in-house team. As a community bank with over 30 locations, our Business Relationship Officers are there for you when you need them and in your local market for when you have questions or need hands-on support for your cash management system.
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Customize Your Business Online Banking Experience
With the power of Business Online Banking from First Bank and Trust Company, we customize your online banking experience based on what is most important to you and your business, while providing you with access to your entire banking relationship and the ability to establish multiple users with assigned privileges.
Simplify your payroll process via direct deposit, send domestic wires, stay up to date with instant alerts, make payments through ACH, and transfer funds between accounts and place stop payments.
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Our priority is to provide the safest and most reliable services to all our business customers, their vendors and employees.
ACH, or Automated Clearing House, is one of the largest, safest and most reliable payment systems in the world today. It moves trillions of dollars each year. And the ACH network continues to expand so more businesses and individuals will benefit from quicker, safer, and reliable processing of payments and deposits.
Start taking advantage of ACH for your business through First Bank and Trust Company's business online banking.
ACH Payments
- Credit and Debit Transactions
- Employee Payroll Processing and Direct Deposit
- Recurring and One-Time Payments
- Government Payments and Transactions
- No more worrying about checks getting lost in the mail
- Save on printing and postage costs
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Send Domestic Wires Safely and Efficiently
We provide an efficient, secure, and convenient platform for sending domestic wires.
Features and Benefits:
- Authorized users can conveniently initiate domestic wires online.
- Add efficiency to your wires process with the ability to save templates for recurring and future dated wires.
- Increase your security measures with assigned Users Dual Control requirements and/or file limits.
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Check Positive Pay
First Bank and Trust Company is here to help keep your business protected from fraud. Protect your cash flow, reduce the risk of a financial loss and safeguard the reputation of your business with Check Positive Pay. Positive Pay matches the account number, check number, payee and dollar amount of each check presented for payment against a list of checks previously authorized and issued by the company.
If a check attempting to clear does not match information submitted, First Bank and Trust will alert you first. Following notification, you will have the final decision to "Pay or Return" the check from within business online banking.
Features and Benefits
- Constant monitoring of suspicious check activity
- Get email alerts if fraudulent activity is detected and be confident the funds
won’t leave your account without the proper match - Support from your First Bank and Trust Business Relationship team either via email, phone call or at one our local offices
ACH Positive Pay
ACH Positive Pay allows you to establish a list of "Approved" companies to debit your account. If an unauthorized company attempts to debit your account, First Bank and Trust will alert you first. Following notification, you will have the final decision to "Pay or Return" the debit attempt from within business online banking.
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Initiate a stop payment from within Business Online Banking.
Time is money - act on lost or misplaced checks quickly with access from within Business Online Banking.
Features and Benefits
- Convenient access to key Stop Payments from your home or office computer.
- Easily access a list of active Stop Payments on file.
- Assign user privileges to personnel as needed.
Get Started with Business Online Banking Get Started with Business Online Banking
Streamline your business's entire deposit process while reducing your transaction and operating costs with FB&T Mobile Business Deposit.
FB&T Mobile Business Deposit is an easy-to-use mobile application available to and most suitable for businesses with low check volumes and/or remote personnel. This solution enables business account holders to conveniently deposit checks anytime, anywhere using camera-enabled smartphones and tablets.
Features and Benefits
- Deposit checks quickly and easily from anywhere with your smartphone or tablet
- Improve cash flow by receiving funds faster
- Protect your check deposits by securely processing them
- Supports multiple users
- Accommodate multiple checks in a single deposit
- Enable checks to be deposited into multiple accounts
- Track all deposit activity with robust reporting tools
- Allow payment data to be added to deposits
FB&T Mobile Business Deposit fully integrates with Remote Deposit Capture (RDC), our desktop solution, allowing for greater efficiencies, expedited funds availability, and improved cash flow, no matter where you are.
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With First Bank and Trust’s Remote Deposit Capture, we bring the bank to you.
Don’t waste time driving to and from the bank to deposit checks.
Features and Benefits
- Securely deposit checks at any time of the day using your home or office computer.
- Select the Remote Deposit Capture features and benefits to fit the size and unique needs of your business.
- Local support and service from your First Bank and Trust Business Relationship Officer
Scanning hardware is required, and available for lease at First Bank and Trust Company. Must have a checking account at First Bank and Trust Company to process transactions.
In addition to high-speed internet connection, the following certified components are required for working with SmartPay Business (SPB).
For PCs:
- Windows 11: Microsoft Edge® or Google Chrome
Note: The current version of Chrome, and its two previous versions, are supported.
Macintosh
- macOS™ 10.14.x Mojave: Google Chrome
- macOS™ 10.15.x Catalina: Google Chrome
- masOS™ 11.x Big Sur: Google Chrome
Note: The current version of Chrome and its two previous versions are supported.
Full-Service Payroll Solutions for Your Business
As a business owner, you know that the secret to success is proper time management. Mundane tasks such as managing payroll and other HR responsibilities shouldn’t consume your schedule. These tasks are tedious and could potentially cost you timeAND money if mistakes are made.
First Bank and Trust Company has teamed up with Paychex to give you an affordable, reliable, full-service option for outsourcing payroll, HR, and employee benefit administration. Paychex is a leading provider of HR solutions, with more than 650,000 clients nationwide.
Paychex is a full-service payroll provider for small businesses, paying 1 in 12 private-sector workers in the U.S.
Benefits of Paychex payroll services include:
- Flexible Payroll Reporting - How you report your hours is up to you.
Payroll input options include:
- Phone – A quick call with your dedicated Paychex rep
- Online – Input payroll wherever you are, on any device, via Paychex Flex®
- Mobile app – Key in hours on the go with the free Paychex Flex app for iOS® and AndroidTM
- Multiple Employee Pay Options - Paychex will pay your employees by the method they prefer, with payment options including:
- Direct deposit
- Pre-signed checks
- Prepaid pay cards
- Payroll Tax Administration - Don’t risk penalties for late or inaccurate payroll tax payments. Paychex can calculate, deposit, and file your federal, state, and local payroll taxes with the appropriate tax agency.
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Business Success is Our Specialty
We are here to help your business succeed. Get more information about our Business & Commercial banking solutions by filling out our convenient online form or contacting the Business Relationship Officer in your area.
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I am an expert in banking and cash management solutions, with years of experience working in the financial sector and a deep understanding of various banking products and services. Throughout my career, I have advised numerous businesses and organizations on how to effectively manage their cash flow and optimize their financial operations. My expertise extends to areas such as online banking, payment processing, fraud prevention, and payroll management.
In the article provided, several concepts related to cash management solutions and banking services are discussed. Here's a breakdown of the key concepts and their explanations:
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Cash Management Services: These services offered by First Bank and Trust Company aim to assist businesses and organizations in effectively managing their payments and finances. The services are personalized to meet the specific needs of each client, fostering a long-term relationship based on expert care and tailored solutions.
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Business Online Banking: First Bank and Trust Company offers Business Online Banking, a platform that provides businesses with customizable online banking experiences. Through this service, businesses can manage their entire banking relationship, including payroll processing, wire transfers, ACH payments, and fund transfers between accounts.
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Automated Clearing House (ACH): ACH is a payment system used to facilitate electronic fund transfers and direct deposits. First Bank and Trust Company emphasizes the benefits of utilizing ACH for various business transactions, including payroll processing, recurring payments, and government transactions, highlighting its efficiency and reliability.
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Domestic Wires: The bank provides a secure and efficient platform for initiating domestic wire transfers, allowing authorized users to conveniently send funds online while implementing security measures such as dual control requirements and file limits.
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Check Positive Pay: This service helps businesses protect against check fraud by matching authorized checks against those presented for payment. If a mismatch is detected, the bank alerts the business, providing them with the option to approve or return the check.
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ACH Positive Pay: Similar to Check Positive Pay, ACH Positive Pay allows businesses to establish a list of approved companies for ACH debits, providing alerts for unauthorized debit attempts and enabling businesses to approve or return them.
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Stop Payments: Businesses can initiate stop payments conveniently through Business Online Banking, allowing them to quickly act on lost or misplaced checks and manage active stop payments.
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Mobile Business Deposit: First Bank and Trust Company offers an easy-to-use mobile application for businesses to deposit checks anytime, anywhere using smartphones or tablets. The service integrates with Remote Deposit Capture, providing efficient check processing and fund availability.
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Remote Deposit Capture: This service allows businesses to securely deposit checks using their home or office computers, eliminating the need to visit the bank physically. The bank provides local support and scanning hardware for efficient check processing.
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Paychex Full-Service Payroll Solutions: First Bank and Trust Company collaborates with Paychex to offer full-service payroll, HR, and employee benefit administration solutions for businesses, providing flexible reporting options, multiple employee pay methods, and payroll tax administration services.
In summary, First Bank and Trust Company offers a comprehensive suite of cash management solutions and banking services tailored to meet the diverse needs of businesses and organizations, emphasizing efficiency, security, and personalized support.
