Through our Business Online Banking service or by direct transmission, we make it possible for you to reap the benefits of paying your obligations electronically. Direct deposit offers a timesaving, efficient alternative to paper checks for disbursing payroll, dividend payments, expense reimbursement or other payment expenses.
Direct Deposit Benefits for Businesses:
Improve fraud protection - eliminate the vulnerability of a paper check
Reduce production costs - fewer checks to print and reconcile, less check stock to purchase and securely store, and less postage expense
Reduce reconcilement errors through the Automated Clearing House
Reduce stop payments and re-issue problems since there are no checks to be lost or stolen
Direct Deposit Benefits for Employees:
Greater convenience - eliminates the trip to the bank to deposit a check
Greater control - confidence that deposits are made to their account on payday according to pre-established instructions between you and the employee
Improved safety - there are no checks to be lost, stolen or forged
To find out more about our Direct Deposit services, contact your First Bank Treasury Management Officer. New to First Bank? Contact the Treasury Management Officer nearest you.
