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Disbursements | Collections

Cash Disbursements

With 1st State Bank’s Cash Management Services you will be able to select from an array of methods to control how and when your funds are disbursed.

Online Banking

Our Business Online Banking will provide your business a fully secured banking environment with the customization and services you need to do your banking wherever and whenever it is the most convenient.

  • Monitor real-time banking information
  • Access your accounts and view detailed transaction histories
  • Initiate internal transfers and stop payments
  • Initiate wires and ACH payments
  • Download statements and account information
  • Multiple levels of security allow for customized authority levels for your employees.
Automated Clearing House (ACH) Service

With Automated Clearing House you will be able to send funds to anywhere in the United States. ACH payments are processed on an overnight basis.

  • Direct deposit your employee payroll
  • Process vendor payments and tax payments conveniently
  • Transactions can be on a one-time or recurring basis
Positive Pay Service

This service is an effective risk management solution which provides the ability to monitor your checking account to combat check and ACH fraud.

  • Ensures that funds are not released from your checking account unless specific information on each check presented for payment exactly matches the list you provided to us electronically
  • ACH debits will viewed daily to ensure only approved transactions can debit your account
  • Any discrepancies are flagged so that you can approve or decline the request for payment
Wire Transfer Service

We will transfer funds from your 1st State Bank account to another bank on your instruction. We can handle your requests accurately, in a timely manner with personal attention or you can combine the efficiency of a wire transfer with the convenience of Business Online Banking.

  • Domestic and international wire service available
  • Initiate, schedule and check the status of wire transfers
  • Create reusable templates
  • Online Wire Transfer Service also allows scheduling transfers after-hours for processing the next business day
Zero Balance Account (ZBA)
  • Link your various checking accounts to a General Operating account automatically
  • Increase the efficiency and flexibility of your cash flow
  • Funds flow between your ZBA and General Operating checking account
  • Eliminates the need for your to transfer funds.
Business VISA® card

Take advantage of the security, flexibility and convenience of a VISA Business Charge Card

  • Use Online Administration Management to manage cash flow
  • Monitor employee spending
  • Set individual spending limits from your desktop
  • Earn rewards for your everyday business purchases

Cash Collections

1st State Bank can help you manage your business’ cash gathering process. We have cost-effective options to speed up access to available cash and reduce fraud risk.

Courier Service
  • Have your deposits picked up at your business at your convenience
  • Pick-ups can be on a recurring schedule or on an on-call basis
Remote Deposit Service
  • The compact scanning device can be used directly from your desk
  • Scan and securely send checks to your 1st State Bank account
  • Fast and simple setup
Automated Clearing House (ACH) Service

With Automated Clearing House you will be able to send funds to anywhere in the United States. ACH payments are processed on an overnight basis.

  • Direct deposit your employee payroll
  • Process vendor payments and tax payments conveniently
  • Transactions can be on a one-time or recurring basis
Merchant Services

1st State Bank offers credit, debit and gift card processing solutions for your business. We have partnered with FIS, the world’s largest global provider of banking and payment technologies to provide 24/7 authorization services and helpdesk support. A merchant payment service can provide:

  • Added convenience for your customers to make purchases
  • Faster collection of receivables
Lockbox Service

Whether your remittance needs are business-to-business or consumer-to-business, we have a lockbox solution to suit your needs. A 1st State Bank lockbox provides your company with a private label post office box to which your customers can remit payments.

  • We collect your mail on daily basis and process remittances quickly and accurately based on your custom lockbox instructions
  • Funds are immediately deposited into your account and images of all correspondence are provided to your on a daily basis
Night Depository Service

Our deposit box is the secure way to handle your deposit needs after hours. Be safe by removing cash and checks from your premise each evening. Convenient and safe, they are available at all of our locations. Items deposited before the office opens for business are collected and posted that day. Items deposited after opening are collected and posted the next business day.

Branch Service

Lobby deposits are available at our five locations. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before close of business Monday through Friday at any of our offices in Saginaw, Bay City or Midland on a business day that we are open, we will consider that to be the day of your deposit.

For More Information

Visit any of our Banking Offices or please Contact Us.

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