Timely, reliable and cost-effective solutions for companies that want to automate payroll disbursement(s) and vendor payment(s).
- Direct Deposit/Payroll
- Reduce cost and control disbursement of funds.
- Protect your business from check fraud and give all your employees the convenience of direct deposit
- Your employee eliminates a trip to their bank and having to wait for the item to clear or any fees that may apply
- Reduce cost and control disbursement of funds.
- Create a direct deposit template or upload an ACH Nacha file within FNBMT online banking portal to direct the deposit of your employees payroll and/or reimbursement expenses
- Import/upload a direct deposit Nacha formatted file from an in-house payroll system to FNBMT online banking system for single system uploads
- Create a template within FNBMT to initiate corporate ACH credits and/or pre-authorized debits
- Import/upload a payment Nacha formatted file direct from your in-house account payable (if available) in FNBMT online banking system
- Tax Payments:
- Benefit of electronic Tax Payments (State and Federal)
More efficiently manage cash balances with Online Wire Transfers.
- Ease of Use – create wire template(s) for one-time and/or recurring payments
- Efficiency – the fastest way to send money
- Security – offers multiple layers of security as well as configurable user permissions and transfer limits
- Reporting – delivers notification of payment sent or received for accurate record keeping
Pay your Business bills securely and accurately online.
- Pay one-time or recurring bills with ease
- Schedule payments in advance
- Set up payment reminders
- Ensure payments are received on time
- Have all payee information in one convenient place
- Retain funds until paper drafts are presented for payment
- Avoid paper clutter
Reduce your company’s risk for check and ACH fraud losses with early identification.
FNBMT Check and ACH Positive Pay Services, within our Online Banking Portal, helps detect potential fraud losses and control of ACH debits with immediate pay/no pay decisions on potentially fraudulent activity.
Details
FNBMT Check Positive Pay Services within our Online Banking Portal helps detect potential check fraud by electronically matching checks, including payee, that are presented to the checks you have issued.
Every business day, you send an electronic file of the checks your company has issued. FNBMT compares the information in this file with the checks presented for payment, either as cash letters or in our bank’s teller windows. FNBMT identifies non-matching items, finds and correct encode errors, and notifies you of suspect items.
After researching the items, you decide whether non-matching items will be paid or returned.
Comprehensive Check Fraud
Positive Pay allows you to be proactive in reviewing potential fraud items. In addition to enabling you to detect fraud on checks presented, it also allows you to avoid potential fraud at the teller window, non-matching items are not paid. This comprehensive service reduces your exposure to check forgery and fraud.
Quick Payment Decisions
You do not have to request photocopies of check in question. You can view images on non-matching check items via Online Banking portal the day after they are issued to determine whether they should be returned or paid. You will be notified of an exception and you will need to decision the item by 10:30am CST.
FNBMT ACH Positive Pay Services helps protect your account from electronic fraud by utilizing ACH Blocks or Filters. This service provides an essential added layer of security towards safeguarding your assets by automatically blocking or filtering out unauthorized ACH transactions.
ACH Block prevents all ACH debits and/or credits, meaning that no transactions of this kind will be authorized from your account.
ACH Filter blocks most ACH transactions from your account but allows you to add a list of criteria for the transactions that are permitted. This gives you a greater degree of control over your transactions, rather than simply blocking everything.
- Add a list of payees/companies to authorize payments to
- Set amount thresholds
- Allow debits, credits or both
Our sweep services reduce your workload and eliminate worries by automatically maintaining your target balance.
Sweep and Automated Borrowing is an electronic link between DDA’s and/or a credit facility.
- Automated movement of funds efficiently
- Automated repayment on line of credit minimizes interest expense
- Available to business customers with an open credit line with First National Bank of Middle Tennessee
- Keep your money working for you, automatically
- Receive benefits where you need them the most:
- Designate a target checking balance
- Excess funds are automatically swept into line of credit account to pay down balance
- Funds are swept back over to your checking should you fall short of your balance
- Access information easily; view sweep transactions through FNBMT Online Banking
Manage your company’s cash flow efficiently
