Streamline Operations for Your Business
Do you have automated processes to ensure your employees are paid on time? Are your payments to vendors electronic? Can your customers pay you using their debit cards and credit cards? If you don't know the answers to these questions, you can benefit from the cash management services offered at First National Bank Minnesota. These services are designed to make collections and payment more efficient for you as a business owners while also improving your cash flow. To learn more or sign up for our cash management, please contact your local office to speak with a member of our business banking team.
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Your Cash Management Service Options
ACH Services
ACH (Automated Clearing House) services allow you to electronically pay employees' wages or vendor invoices, and collect payments such as fees, dues, or donations. This service streamlines your payment process, eliminates the costs associated with check processing, and improves cash flow. You can choose between several methods of origination that best meet your company's accounting needs.
Remote Deposit Capture
Remote Deposit Capture allows you to electronically deposit checks without leaving your office. By using a scanner or mobile device, you can deposit checks directly into your account. Deposits made before the cutoff time are credited the same day, which helps improve cash flow, reduce trips to the bank, and minimize the risk of check fraud.
Direct Deposit
Direct Deposit enables you to deposit employee wages directly into their bank accounts, reducing the need for paper checks. This service ensures timely and accurate payment, enhances employee satisfaction, and reduces the risk of lost or stolen checks. It also helps in maintaining a more efficient payroll process.
Merchant Card Services
Merchant Card Services enable your business to accept credit and debit card payments, both in-store and online. This service increases sales by offering customers more payment options, enhances customer convenience, and provides powerful point-of-sale technologies and management tools to analyze customer purchasing behavior. It also includes secure transaction processing and fraud protection.