Effective management of your daily cash flow is absolutely essential to your profitability. First Place Bank Treasury Management professionals will work with you to develop customized solutions for your company. They will also keep you informed of advances in technology, industry trends and innovative ways to maximize the use of your cash every day. Contact a Business Financial Specialist at 330-726-3396.
We offer solutions that will support your needs now and as your business changes.
Sweep Services
Zero Balance Accounts
Account Cost Analysis Statement
Merchant Bankcard Services
Lock Box Services
Internet Banking Services
Platinum Visa® Credit Card
Sweep Services
Increase your ability to manage cash flow. Our sweep service allows you to earn interest on your idle funds by automatically investing excess deposits into an interest-bearing account. Our Business Financial Specialists can analyze your needs and advise you how sweeps services could benefit your business.
Zero Balance Accounts
Reduce clerical time and prevent overdrafts. Zero Balance accounts will concentrate balances, which would otherwise remain idle in operational accounts. The account is automatically maintained at a zero balance at the end of the business day. Zero balance is accomplished by an internal transfer of funds to or from a master account. Ideal for automatically funding of payroll or other subsidiary accounts.
Account Analysis Statement
As part of our continuing effort to provide you with exceptional service, we have added an Account Analysis Statement feature to business deposit accounts. This useful tool allows you to determine the optimal average balances for your accounts.
Merchant Bankcard Services
First Place can accept your bankcard deposits. Sales are electronically deposited into your commercial account to accelerate your cash flow. At month's end you will receive a detailed summary report.
Lock Box Services
First Place Wholesale Lockbox Service offers fast, flexible processing for those with low-to-moderate check volume. This service is designed to speed the collection and processing of remittances made by mail and thereby giving you faster access to funds.
Included with this service:
- Daily remittance report sent to you via the Internet
- Current day processing
- Payment remittance information sent next business day.
Internet Banking Services
First Place Business Online Banking makes obtaining and acting on your financial information secure, easy and accurate. Get online with First Place today.
Platinum Visa® Credit Card
With a First Place Platinum Visa® Business Credit Card you save money with no annual fee and a great low rate. The card also offers exclusive discounts on business products and services and a generous credit line. Our itemized consolidated monthly statements and free quarterly reports make tax time easier.
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