Cash Management Services
No matter what account you choose to suit your business needs City First Bank offers you other services which can help your business manage your finances.
Automated Clearing House (ACH) Originations and Direct Deposit lets you automatically deposit employees’ paychecks directly to their designated accounts. Or, with your customers’ consent, you can collect routine amounts like home owner association or condo fees, contributions, or rents. Go paperless while making payments or receiving funds swiftly and safely.
First Protect Positive Pay gives your business an effective risk management solution to detect and combat fraudulent activity with positive pay procedures.
Integration into First Business Online Banking
Ability to import checks issued directly and import issued item files
Independent review and handling of exceptions without any bank employee intervention
Automatic detection of exceptions such as duplicate transactions, mismatched check numbers or accounts, non-issued checks, and stale checks.
(Non Deposit Investment Product *Not FDIC Insured* Not a Bank Deposit* May Lose Value)
Repurchase Agreements provide you with the convenience of immediate liquidity while offering complete security. A repurchase agreement couples your checking account with an overnight investment collateralized by U.S. Government and agency securities. Funds in excess of those needed for daily liquidity purposes are swept each night from your checking account to your repurchase account. Conversely, if your need for funds increases, the funds are swept back from your repurchase agreement to your checking account.
Benefits of Repurchase Agreements:
Money moves automatically between your checking and repurchase agreement account
Immediate access to liquidity
Fully collateralized by U.S. Government and agency securities