Cash Management

Our full line of commercial depository products — ranging from business checking accounts to high yield money markets and certificates to target low balance or zero balance accounts — are supported by a designated relationship banker for the best service experience possible. Multiple account relationships can be consolidated in order to increase efficiency and control disbursements to a single account.

Our cash management services are designed to help improve your business cash flow and provide instant access to account information. Our cash management services include the following:

Online Business Banking "E-CORP"

Online Business Banking allows you to manage virtually every aspect of your account securely from your computer. There is no additional software to load or hardware compatibility issues to worry about. Simply go to our Business Online Banking site, log in using the username and password provided to you and you have access to one of the best online business banking programs in the financial market.

Online Business Banking Benefits:

  • View real-time account activity and balances
  • Easily transfer funds between accounts and loan payments
  • Pay bills online
  • Print and view checks that have posted
  • Process wires transfers, stop payments, ACH transactions
  • Access 24 hours a day seven days a week so it fits your schedule

Positive Pay

At FirstCity Bank of Commerce we realize financial losses due to check fraud and white-collar crime are a reality. To curb this activity we offer Positive Pay, an automated fraud detection tool that we feel is an integral part of business banking.

In its simplest form, Positive Pay is a check monitoring service that matches account number, check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued by the company. All these components of the check must match exactly or it will not pay without the approval of you, the client.

Additionally, Positive Pay provides an increased level of security for your account at our teller line. Before cashing checks against your account, our teller systems will compare presented items to your most recent Positive Pay file. This will reduce the likelihood of unauthorized checks being cashed against your account.

The benefits to our Positive Pay clients are:

  • Peace of mind by reducing fraud exposure
  • Cost justification is realized with just one fraud detection
  • Check imaging software allowing clients to view exception items
  • Works with most accounting systems and spreadsheet applications
  • Suitable for any size business or organization
  • Automated emails of presented items that do not match Positive Pay file
  • Online management of unmatched items enabling pay/return decisions

Wire Transfer Services

Wire Transfers are an integral part of the daily operations for most businesses and many times these wires must be expedited. To facilitate this ever growing business need we offer our world-class online wire transfer system, a must-have for our business clients.

This fast, easy and secure service gives you access to your own secure online account. Simply submit your wire transfers via the online form and within minutes an email notification is sent to FirstCity Bank of Commerce's staff to ensure all of the information is complete and accurate. Once this information is verified, it is released and a Federal Reserve tracking number is emailed to you. This streamlined process allows for your wire to reach the intended recipient within minutes.

Benefits:

  • Fast, easy & secure online entry
  • Cutoff for same-day processing is 4:30 p.m.
  • All wires sent out within minutes
  • Confirmation emails with tracking number sent to you
  • Ability to create and save recurring wire templates and automatic wires

Remote Deposit Capture

Make deposits right from your office without driving to the bank. FirstCity Bank of Commerce offers Remote Deposit Capture which utilizes a desktop scanner connected to your PC and the Internet. With this system you simply scan your deposits, view them on your PC to ensure accuracy, click submit and your deposits are sent to the bank via a secure Internet connection day or night.

Benefits:

  • Make deposits electronically anytime from your desk
  • Save time and money by reducing trips to the bank freeing staff up for other important tasks
  • Consolidate funds from various offices or locations, streamlining your cash flow
  • Reduction in check fraud with faster clearing times allowing you to act sooner
  • Additional security including password protection, Internet firewalls & encryption

ACH Services

Running the day-to-day operations of a business is time consuming, including the time it takes to process payments to or from your employees, vendors, or customers. FirstCity Bank of Commerces provides ACH payroll direct deposit for our online business banking customers.

Benefits:

  • Appreciation from vendors and employees due to availability of funds
  • Reconciliation of checks eliminated
  • Simplification of accounts payable and payroll by the need to submit only one file
  • Reduces your chance of losses due to check fraud
  • Effortless uploading of your ACH files

SpotPay

Accept fast credit card transactions, anytime and anywhere, using a secure card reader attached to a mobile device.

Benefits:

  • Savings — cut costs by more than half
  • Beyond PCI — multi-layered security to protect sensitive data at the point of swipe
  • User-friendly — easy to install and compatible with Android OS 2.3 or greater and Apple iOS 4.3 or greater.

Lock Box Processing

The timely posting of payments to your business accounts is important. Lock Box Processing provides you with a better way to manage your incoming payments and receive faster access to your funds by minimizing float time. By receiving payment information faster, you will be able to update your internal records more quickly and maintain up-to-date accounts receivable records. We provide complete backroom processing so you can spend more time where it counts - generating additional revenue and with your customers.

Payments sent to our lock box are delivered more frequently than payments sent directly to your business. Once items are received they are processed and credited to your business account. Images of the checks and remittance documents are available same-day on a secure web-based lock box reporting application.

Benefits:

  • Faster access to your funds
  • Maximized internal efficiency
  • Increased profitability through the improved cash flow
  • Customized remittance processing
  • Timely accounts receivable information
  • Improved customer service
  • Greatly reduced opportunities for payment fraud