Small and large businesses use direct deposit to pay their employees. This affordable, automated system allows you to electronically credit your employees account on payday. It is convenient for both businesses and employees.  The benefits include:

 

Reduced administrative and operating expenses.
Reduced time in reconciling, as the bank posts 1 entry for your payroll file instead of 1 entry for each check.
Eliminates the time and cost associated with lost checks
Eliminates check stock costs
Employees love the convenience of having their money in their account on payday.

Through our FREE online banking solution, there are NO setup fees to become an ACH Originator.  Costs associated with processing ACH items depend on the number of items originated each month.  Costs range from $0.15 per item for companies that originate over 200 items per month to $0.50 per item for companies that initiate as few as 1 item per month.   We have the solution that can start saving you time & money today!  Please contact a Customer Service Representative and see if your business qualifies to become an ACH Originator!

ACH collections offer the ability to obtain payment from a client by debiting their account electronically. Your clients will enjoy the convenience of not having to write out a check each month and you will see improved cash flow and time savings with processing payments.  Benefits Include:

 

Accelerated availability of funds.
Improved cash management forecasting.
Improved business relationships with customers.
Certainty of delivery.
Reduced bank fees.
Reduced mail fees.
Reduced billing costs.
Enhanced public recognition by providing an effective, efficient, and innovative payment service.
Customers benefit by not having to write & mail you a check.

Invoicing

• Customized Invoicing includes your branding
• Payment options include ACH, debit card, and online payments
• Get paid directly into your checking account
• EASY invoice automation & tracking within digital banking

Secure Payments

• Receive secure online payments via a unique URL
• Accept card & ACH payments over the phone
• Get paid directly into your checking account
• Accept all types of payment in person on your iPhone

Optional Accounting & Reporting Options

• Tailored to a small business prioritizing simplicity
• Integrated with the invoicing keeps everything up to date
• Cash flow management tracks incoming & outgoing transactions

Automate and simplify your banking by using Direct Connect for QuickBooks.

Save time and improve efficiency by managing and downloading all bill payments directly from QuickBooks. Transfer funds from one FSBW bank account to another using QuickBooks. Direct Connect files can be automatically opened from within QuickBooks. Direct Connect data includes complete transaction and balance information to make categorization and account reconciliation easy.

Web Connect allows you to automatically download your transactions from Small Business Online Banking, launch your QuickBooks® software and reconcile your transactions all in an easy step. With Web Connect, there is no more searching for downloads and importing Quicken® Interchange Format (QIF) files, and no more duplicate transactions due to multiple QIF downloads.

Help stop check fraud.

Positive Pay is a fraud prevention tool that allows you to monitor items posting to your accounts. If an issued item does not match the record, then you can choose to pay or to return the item. You can think of Positive Pay as a security system for your checking account. You get the peace of mind knowing any check that clears your account was issued by you and only you.

Simply give us a list of checks that you wrote and Positive Pay compares it to the checks coming into your account. If anything doesn’t match, you’re in control of deciding to pay it or not. All you need to do is log into your account to view images of suspect checks posted on our secure website. Not only can you confirm each check you write, but you can also choose to pre-approve your ACH payments. Check Positive Pay and ACH Positive Pay work closely together to limit your exposure to possible fraud.

For information regarding Positive Pay and our other Cash Management Services, please contact our CSR team at 651-462-7607.

Short-term funding can help you go the distance.

Use your line of credit funds repeatedly over a period of years without an approval process each time.
Pay interest only on the funds you use.

• No fees for loan advances.
• No annual maintenance fees.
• No fees for unused balances.
• Pay off all or any part of your outstanding balance at any time without penalty.

To add this feature to your checking account, contact one of our lenders today at (651) 462-7607.

First State Bank of Wyoming has partnered with Heartland Payment Systems–a full service expert in payment processing. They are one of the nation’s leading credit card processors, and offer a full line of payment acceptance options designed specifically for your type of business. Visit them at heartland.us.