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Using Online Banking For Your Business

Benefits of Online Business Banking

 

Flexibility is key to being successful in business today. Whether it is changing your business model to meet the needs of the market, incorporating new technologies, or dealing with a global pandemic, your adaptability can mean the difference between being profitable or having to close your doors.

This past year’s COVID-19 lockdowns and social distancing requirements forced many businesses to adopt a decentralized, remote working environment. Many business operations were now being performed by employees at their homes instead of their offices including their business banking.

First Exchange Bank offers a wide range of online business products and services to make your new remote lifestyle simple.

From business online banking to remote deposit capture, First Exchange Bank can help your company adjust with an ever-changing business environment and allow you to focus on what you need to, your business. 

Online Business Banking 

Although it may be new to you, don’t let online business banking scare you. It’s safe, secure, and easy to use. If you’ve managed money in a personal checking or savings account online or in an app, you’re all set. Business accounts work the same way. 

First Exchange Bank’s online business banking tools and mobile business banking app gives you the full in-person banking experience without ever having to leave your home or office: View account balances, transaction history, and downloadable e-statements

  • Pay bills with online bill pay
  • Account Monitoring
  • Transfer Funds between Accounts
  • Make payments on your First Exchange Bank loan from an outside account
  • Deposit checks with the mobile app
  • Downloadable reports compatible with QuickBooks

Online business banking and our mobile business app are free to business owners who have our free business checking, business savings, cash management accounts, or commercial loans. To see a full demo of our online business banking portal click here.

Online banking lets you manage your company's bank accounts from anywhere.

Cash Management Accounts

Priced at just $10 a month our cash management account (which can also be referred to as a payroll account) gives you the tools you need to help pay bills electronically, maximize efficiency, and more — especially when you and other employees are working remotely:

  • Direct Deposit and Payroll Management systems mean your employees get paid no matter where they’re working.
  • Online Bill Pay helps you make timely payments and eliminate unnecessary trips to the post office.
  • Computerized ACH tokens, full tech and product support, and our optional multi-layered activity verification ensure the security and integrity of all your business banking processes.

Remote Deposit Capture

Does your business take checks from customers or vendors? 

If so, Remote Deposit Capture has become a significant time-saver for business owners. This service gives your business the ability to capture the images and transaction information from checks accepted for payment and deliver this information electronically to your bank, just as if you’d taken the items to one of our physical branch locations. 

With firstLink Business Connection, each check scanned for deposit generates an electronic image transmitted to the bank using state-of-the-art encryption technology. Additionally, only users you’ve authorized and given the necessary login credentials can access this service. Plus, you’ll get unlimited deposits, full tech support, hardware and software provided and installed, and much more! All for just $25 a month.

Remote Deposit Capture is ideal for businesses that primarily deposit checks instead of cash, such as professional offices, contractors, physicians, attorneys, wholesalers, and manufacturers, and utilizes an easy-to-use desktop scanner that connects directly to your business computer. 

Save a trip to the bank and deposit checks instantly with mobile deposit.

We’re Here to Help

At First Exchange Bank, we deliver exceptional personal service to each of our customers and offer useful financial products and services that reduce costs, save time, and simplify the lives of business owners across North Central West Virginia. 

Our team of business banking experts are here to help you with all your business banking needs, as well as providing advice on critical business decisions.

When you’re ready to take your business banking to the next level, contact a First Exchange Bank business banking specialist online, call 304-534-7200, or make an appointment to visit us at any of our branch locations in White Hall, Mannington, Fairmont, Morgantown, Hundred, or Fairview. We look forward to helping you and your business succeed.


First Exchange First Link customers can enjoy personal on-site or remote access training from First Exchange Bank staff

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