- Save Money
- Save Time
- Increase Income
- Decrease Risk
- Improve Operating Efficiencies and Controls
Information Reporting Services:
Free eBusiness Banking
Save time and money while feeling confident your information is secure with F & M Bank’s eBusiness Banking. A convenient way to access your account information from anywhere, 24 hours a day, 7 days a week. eBusiness Banking brings all of your account information together through our easy-to-use online business banking portal:
- Manage payments
- Access Bill Pay
- Originate ACH transactions
- Monitor transaction activity
- Make loan payments
- Initiate stop payments
- Initiate wire transfers
eBusiness Banking offers multi-factor authentication and token authentication, providing a high level of security and reliability. Set up multiple users and manage the level of control they have, including accommodating, “dual signature required” transactions.
Save time, fight clutter and reduce fraud by signing up for eStatements! You no longer have to wait for your statements to arrive in the mail. With eStatements, you’ll receive an e-mail notifications when your statement is available each month. You’ll then be able to view your statement online in our safe, secure eBusiness Banking website 24 hours a day, 7 days a week.
Make account reconciliation easier by exporting your transactions into QuickBooks or another accounts receivable system.
Save time and money with our free NSF check recovery service. A check recovery service that electronically represents returned checks with a 75-80% recovery rate at no cost to you.
eBusiness Remote Deposit
When you accept credit cards you can:
- Increase profits for your business
- Improve customer service
- Offer significant convenience to your customers
- Reduce your accounts receivable
- Decrease operating expenses
Funds Management Services:
Zero-Balance Account Sweep
Save time and money, while improving cash management with our zero-balance account. A zero-balance account is a commercial checking account that is automatically maintained at a zero balance or target balance of your choice. There can be various zero-balance accounts set up for different divisions of the business with a master account.
Throughout the day, deposits and checks for payment come into the zero-balance accounts. Funds from the master account are automatically transferred to cover checks drawn on the zero-balance accounts. At the end of each business day, net balances are automatically transferred back to the master account.
Line of Credit Sweep
Save time, prevent overdrafts and reduce interest expense with a line of credit sweep. This is an automated line of credit sweep linked to your commercial checking account. Funds are moved into your commercial checking account from your commercial line of credit if collected funds do not cover the checks presented. At the end of the business day, any surplus of collected funds over the checks presented is automatically used to pay down the line of credit.
Free Business Debit Cards
Business Bill Pay
Increase security, reduce errors and make a fast and final payment with F&M Bank’s wire transfer service. Wire transfers offer safe and secure movement of funds between financial institutions on a real-time basis and with finality of payment. With our wire transfer service, you can make a same-day transfer of funds from your account to another financial institution.
ACH (Automated Clearing House) Origination
Increase efficiency, improve cash flow and reduce costs and risks with ACH origination. ACH lets you electronically collect and send payments through the ACH network, eliminating checks and streamlining your payment processes. This product gives you complete control over your cash flow by giving you the ability to specify the settlement date of payments.
CDARS - Certificate of Deposit Registry Service
- Deposit with confidence, FDIC insurance coverage up to $50 million
- Keep your relationship with F&M Bank, working with our staff to ensure adequate coverage on your deposits.
ICS- Insured Cash Sweep
- Millions of dollars in FDIC protection
- Accessibility to your funds up to six times per month
- Ability to deposit into the account
A preferred partner of F&M Bank, offers a complete payroll solution that streamlines payroll calculations, manages payroll taxes, and pays employees by check or direct deposit. In addition, this service provides online payroll, detailed reporting, tax management, and can be downloaded to your accounting software system. It’s easy to use, cost-effective, and will grow with your business.