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Cash Management

Account Analysis

Lock Box

Account Reconciliation OneCard
ACH Online Banking
Bill Pay Overdraft Protection
Business Credit Card PayCard
Cash Concentration

Privilege Banking

CD Imaging

Remote Deposit Capture

Credit Card Processing

Repurchase Agreement Sweep

Direct Deposit Payroll

Store Branded Gift or Loyalty Cards

Electronic Data Interchange

Wire Transfer

Investment Sweep Zero Balance Accounts

Loan Sweep

 

Annette Pickrel, CTP

Cash Management Officer

309.343.0002 ext. 20623


Account Analysis

Review your monthly service charge activity, your earnings credit and your actual service charge calculation.


Account Reconciliation

Available through our Online Banking system, this service automates the process of reconciling your checking account.


ACH

Use this service as a means to make recurring payments and collections electronically – payments such as payroll, dividends, retirement benefits, state and federal taxes and collection of remittances such as rent, subscriptions and utilities.


Bill Pay

Pay anyone in the United States through our online Bill Pay service with unlimited monthly transactions for one low cost.


Business Credit Card


Build a credit history for your business, separate your business and personal expenses for easier record keeping, control employee spending and earn rewards with an F&M Business Credit Card with your company name embossed on your card. We offer three types of credit cards:

  • Visa® Business Bonus Rewards Card
  • Visa® Business Bonus Rewards PLUS Card
  • Visa® Business Platinum Card


Cash Concentration

Use Cash Concentration to centralize deposits from multiple bank accounts into your main F&M account.


CD Imaging

Receive CDs that allow you to view your statements and all transactions clearing your account at anytime. Use the viewer to search for items by date, amount or both. CDs can be burned monthly, quarterly, semi-annually and annually.


Credit Card Processing

Accept credit cards and debit cards as a form of payment at your register online, on site, or over the phone. F&M Bank offers many different ways to process credit cards, from the start-up business to large corporations.
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Direct Deposit Payroll

Pay your employees electronically via our Online Banking system. NACHA formatted files may be submitted from your payroll software or easy online entry will allow you to guarantee your employees receive their pay on the date you specify. Eliminate the cost of paper checks and lost work time spent on trips to the bank.


Electronic Data Interchange

Electronic Data Interchange (EDI) are reports on ACH credits and debits on your account that can be mailed, faxed or e-mailed to you. These report detail what the deposits or the withdrawals are for, which allows for easier posting for your accounting purposes.


Investment Sweep

Earn interest on excess funds by having collected balances in excess of a designated peg balance move automatically to and from your business checking account to a diversified portfolio of investment funds.


Loan Sweep

A Loan Sweep links your business checking account and your revolving line of credit to work for your benefit. This sweep will automatically advance to cover daily activity or pay down your line of credit to reduce interest expense.


Lock Box

This cash management tool is designed to accelerate the collection, processing and reporting of payments. By outsourcing receivables processing to F&M Bank, you will reduce staff workload and gain faster access to available cash for investment, loan pay down and other uses.

Online Banking

Access your accounts for complete, timely and accurate information from anywhere you have internet capabilities. View balances, transactions, transfer funds and pay bills all with the click of a button. Add ACH and Direct Deposit Payroll capabilities for one low monthly fee and open the world of electronic payments and collections.


OneCard

Combining the capabilities of purchasing cards and corporate cards, OneCard is a non-revolving, non-interest bearing charge card. System capabilities include cardholder setup, maintenance, cost allocation, payment plus, reporting and GL integration.


Overdraft Protection

Available in different forms, Overdraft Protection saves your account from embarrassing returned checks. You may use a secondary account at F&M Bank or apply for a WorryFree Line of Credit.


PayCard

PayCard enables you to extend the convenience of direct deposit and a meaningful benefit to all of your employees, whether they are "un-banked" or traditionally banked. PayCard eliminates the added costs and hassles of ordinary paper checks.


Privilege Banking

A benefit of your business banking relationship that actually benefits your employees. Offer this suite of products and services specially designed for you as an employee benefit from you. Our Personal Bankers will work with your employees to make their move to F&M Bank as easy as possible.


Remote Deposit Capture

Save time, save gas and take advantage of Check 21 by making your deposits without even leaving your desk. Scan your checks and submit your deposit electronically to the Bank.


Repurchase Agreement Sweep

Earn interest on your excess funds while allowing F&M Bank to automatically sweep collected funds above a set peg amount to a Repurchase Agreement backed by Bank-owned securities.


Store Branded Gift or Loyalty Cards

Brand your own gift cards or set up a customer loyalty program using our system and your credit card terminal. One card can even be used for both a gift card and a loyalty card. This system allows you to track customer spending and even build a customer data base for special newsletters or programs.


Wire Transfer

Wire transfers provide companies with a real-time or same day method of transferring immediate funds to another financial institution.


Zero Balance Accounts

Zero Balance Accounts allow businesses to maintain separate accounts for various divisions, locations, or functions such as payroll, while automatically consolidating cash from those accounts.

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