Our cash management services are designed to improve your business's cash flow and operational efficiency. You're one click or call away from our cash management experts, and our monthly flat fee is a business advantage.Contact the Cash Management Team at +1 (913) 396-9062 to see how First Heritage's cash management services can help streamline your operations.
The Importance of Cash Management in Business
Few things are as important to business success as cash management. Positive cash flow ensures you have enough money to pay your vendors and suppliers while maintaining good financial health at your organization.
First Heritage can be your partner in providing you with the cash management services you need to maintain positive cash flow at your business. Our goal is to help you save time while offering you all the services of a comprehensive cash management program.
First Heritage recognizes that cash management for non-profits is very different than cash management for government entities or a larger business. Every industry and company has unique needs to ensure their cash flow is as healthy as possible.
That's why First Heritage takes the time to get to know every client and to offer unique services for each need. Whether you need services for your municipality or for your health care facility or legal practice, First Heritage's cash management services can help. We'd be happy to discuss your options to help you find the best solutions to help you make the most of your revenues and bills.
Cash Management Benefits
At First Heritage, our cash management services are designed for a
variety of organizations and businesses. Our goal is to help you:
- Balance your accounts with comprehensive and easy-to-use services
- Get more control over cash flow at your business by allowing you to easily access information about your accounts at any time — and from anywhere
- Bank according to your needs, so everyone at your organization who requires access to your bank account can do so safely and securely
- Transfer money to and from your organization when you need to, so you can pay suppliers, accept payments, and more
- Get the services you require personalized for your specific industry, whether you need cash management or banking for doctors, attorneys, municipalities, or something entirely different
Speak with a Cash Management Specialist
To discuss our cash management services or any of our other business banking solutions, contact First Heritage today!
Cash Management Online Banking Services
We offer access to your business checking account information 24/7
through our convenient, safe, and secure online banking. We also offer
the use of a security token for additional authentication. Customers
enjoy the following features:
- View account balances and transactions
- View account history
- View check images, deposit tickets, and deposited items
- Transfer funds between accounts
- E-statements
- Current day and previous day reporting
- Stop payments
- Quickbooks reporting for easier account reconciliation
Digital Deposit
Make deposits right from your computer with our digital check
scanner and an internet connection. One of our remote deposit
specialists will visit your place of business to install your check
scanner and instruct you in this simple process.
- Scan your checks directly from your office.
- Each deposit is sent through our secure digital processing website.
- Your account will be credited within one business day.
- Keep scanned checks on file at your office until they clear your account.
If you have a very low volume of checks to deposit, you can also
use our mobile web app to scan checks from your smartphone! Learn more
about Mobile Banking here.
Online ACH Origination
Initiate debits and credits electronically through the Automated
Clearing House (ACH) system. Typical ACH applications include the
following:
- Payroll direct deposit
- Tax payments
- Corporate payments and collections
- Vendor payments
By making it easier for you to make and collect payments, a strong
ACH system allows you to control money coming in and going out, helping
you promote positive cash flow at your organization.
ACH Debit Blocker
The ACH allows you to initiate credits and debits electronically.
If you have an account where tax, pre-authorized, or payroll debits are
made, ACH Debit Blocker allows you to gain more control. The system
automatically filters out unrecognized debit attempts and only accepts
debits from those ACH originators you have authorized.
Merchant Services
Make credit card processing convenient and flexible for both you and your customers with our Merchant Services.
- Process payments for Visa®, MasterCard®, Discover®, American Express®, or bank debit cards
- Equipment available at competitive prices
- Fees are deducted from your account at the end of each month
- Local support for installation, training, and questions
Positive Pay
With Positive Pay you can take a proactive step to help detect and
prevent fraud on your business accounts. You’ll have the tools to
make well informed decisions about suspicious check activity BEFORE a
loss occurs on your account.
- You upload a file containing issued check data so First Heritage can compare checks presented for payment against the list of checks you provided.
- Checks that do not match the file you provided are considered potentially fraudulent and are sent to you as an “exception” for examination.
- You review our daily exception report and then accept or reject items for First Heritage to pay from your account.
Online Domestic Wire Transfers
Transfer funds quickly and securely to accounts at other U.S.
banks. Our cut-off time for same-day online wire transfers is 3:00 p.m.
With our online domestic wire transfers, you can easily pay vendors and
suppliers or receive payment, promoting positive cash flow at your
business.
Sweep Accounts
Make the most of your excess cash through one of our sweep accounts
to maximize your earnings potential. Sweep accounts automatically
transfer excess money out of your account and deposit it in a money
market account or other account designed to earn you money. You can
sweep money into your money market account overnight or for an extended
period, maximizing your revenues by allowing your funds to work for your
company. First Heritage offers a choice of sweep accounts:
- Investment Sweep - Manages your cash more efficiently and increases your income by automatically transferring excess funds into a Money Market Investment Sweep Account which is interest-bearing and FDIC-insured.
- Zero Balance Accounts - An account in which a balance of zero is maintained by automatically transferring funds to and from a master account, thus reducing idle balances. Zero balance accounts maximize funds available for investment and minimize risk of overdraft fees.
Escrow Sub-Accounts
Escrow sub-accounts allow you to keep money on behalf of clients or
other stakeholders. For example, if you're a property manager, an
escrow sub-account allows you to safely and securely store your renters'
security deposits.
A First Heritage Escrow Sub-Account helps you manage funds more efficiently by saving time and reducing paperwork and includes the following convenient features:
A First Heritage Escrow Sub-Account helps you manage funds more efficiently by saving time and reducing paperwork and includes the following convenient features:
- Combined statements
- Online viewing and transfers
- Nickname accounts on statements
- Interest-bearing option