First Capital Bank Cash Management

First Capital Bank offers a comprehensive selection of Cash Management products and services to fit the needs of your business. If you need fast, safe, simple and efficient ways to handle various commercial banking transactions without leaving the office, let us help you determine which Cash Management products and services will best serve your business and simplify your day.

 

Fast Reliable Electronic Deposit (FRED) 

Save time and money with the help of FRED, a fast and efficient way to deposit checks without ever leaving your office. We will install a scanner in your office. You simply scan paper checks, which you would normally bring into a branch for deposit. Your scanner will convert paper checks into electronic images that are deposited into your account.

• Simply scan checks to be deposited, upload an image, balance and transmit to our secure server.
• Scan up to thirty checks per minute.
• Improve cash flow with faster deposits into your account.
• Optimize back office operations by eliminating the need to prepare deposits and make deliveries to the bank.
• Confirm deposits through Business Internet Banking.
• Multiple daily deposits may be made by any authorized user(s).
• Deposit cutoff time is 6 p.m., a two hour extension to normal cutoff.

 

First Capital Business Online BillPay

Gain better tracking and more control when you pay bills the fast way through First Capital Bank Busines Online BillPay - so you can get back to your business. Click through your bill payments with ease, without the hassle of writing checks, buying stamps, mailing and filing.  With First Capital Bank's Business BillPay, you can:

• Save time.  Pay everything from vendor invoices to everyday operating bills within minutes.
• Set automatic payments. Put recurring bills on auto-pilot, but maintain complete control over the payment amount and date.
• Gain peace of mind.  Know exactly when payments will post to easily reconcile accounts. 

Please contact your branch or your relationship manager to sign up for this service.

 

Automated Clearing House (ACH) Services

Take advantage of speed, accuracy and efficiency of electronic collections and payments through ACH processing. ACH origination service, available through Business internet Banking, allows for streamlined remittance and more accurate and timely collection of payments. Benefits include the following:

• Reduction int the cost of processing, storing and reconciling manual checks  
• Improvement in cash flow and forecasting with more rapid collection of receivables
• Direct deposit of payroll resulting in reduced payroll cost and reduced employee time away from the office
• Regular payments to vendors
• Expense reimbursements, bonuses and other employee payments
• Periodic collections of accounts receivable or membership fees through preauthorized debits to customer accounts
• Cash concentration and disbursement of funds, for businesses with multiple locations
• Reduction in exposure to check fraud

 

 

Wire Transfer

• May be initiated through Business Internet Banking, through a First Capital Bank Branch or through the Wire Department
• Wire transfer cutoff time of 4:00
• International Wire Transfers subject to earlier cutoff time

 

 

Investment/Sweep Account

If you would like to earn interest on excess balances in your commercial checking account, this is the account for you. This account allows businesses to transform idle corporate balances into interest-earning investments to make the most of an organization's funds. Transactions are handled automatically, so there is no need to commit time and expertise to calculating daily investment amounts or performing nightly transactions. Unused balances earn money market interest rates every night. Investments are liquid.  Excess cash is swept out and invested nightly and swept back in the next business day to cover payment obligations.

• An Investment/Sweep Account is linked to the primary corporate operating account (Edge Account).
• A target balance is set for your primary operating account.
• At the end of each day, any funds in excess of the target balance are swept into the Investment account.
• Interest earned on the Investment account is credited to the operating account on a monthly basis.
• Monthly detailed check and deposit records provided for each account
• Allows business to view corporate liquidity as a single account
• Eliminates the need to manually transfer funds between multiple accounts
• Linked to an Edge Commercial Checking Account
   

 

 

Zero Balance Account (ZBA)

This type of account is designed for businesses with multiple locations and accounts, which desire to automatically concentrate funds at the end of each business day. The secondary accounts are either funded from, or concentrated to, the primary account. The ZBA enables businesses to minimize idle balances in multiple accounts and to concentrate cash for improved funds usage.

 

Lockbox Service

First Capital Bank's Lockbox Service handles your company's incoming receivables, so that your back office doesn't have to. A post office box is set up solely for your business. Your clients mail payments directly to this address. A First Capital Bank courier will pick up checks on a regular basis and deliver them to one of our branches for deposit to your business account. A record of checks paid and deposits made will be provided to your office on a regular schedule.

Benefits to Your Business

• Speeds the collection of your business's receivables
• Optimizes back office operations by eliminating the need to prepare deposits and make deliveries to the bank
• Provides same day reporting information through online banking, which allows you to view and record deposits made 
• Provides outside audit control
• Allows your business to receive payments in a secure environment
• Reduces incoming mail

   

Courier Service

Let us save you a trip to the bank by signing up for First Capital Bank Courier Service. We will pick up your non-cash business deposits on a predetermined schedule. Some limitations may apply.

 

ATM/Debit Cards

Enjoy the benefits of access to your checking or savings account 24 hours a day, seven days a week with the First Capital Bank Check card.

Features and Benefits

• May be used for purchases anywhere Visa® is accepted
• May be used for cash withdrawals at ATM machines
• No charge for withdrawals at First Capital Bank ATM machines
• Acts the same as a check, not as a credit card
• Detail of purchases listed on monthly account statement
• Allows you to check balances of checking or savings accounts at ATM machines
• Allows for transfer of funds between linked checking and savings accounts at ATM machines

Limitations

• Cash withdrawals limited to $300 per day
• Point of Sale transactions limited to $1,000 per day

Lost or Stolen Card

• During business hours, please call one of our branches, or 804-273-1250 to report a lost or stolen card 
• During non-business hours, please call 1-800-847-2911 (1-800-VISA-911) to report a lost or stolen card. Your card number will be required.

Please contact your local First Capital Bank branch for applications.
Additional restrictions may apply.

 

Merchant Services

Customize a payment processing solution for the way you run your business. Increase sales opportunities for your business by offering your customers the option of paying with their bank ATM card or credit card.

Features and Benefits

• Credit Card Processing - Visa®, MasterCard®, Discover® & American Express® 
• Flexible and competitive pricing plans
• Will provide quick turnaround on written quotes and comparisons with current provider
• Expert customer service 24/7/365
• Fast payment. Funds deposited into your account within 24-48 hours
• Monthly statements
• A local trained professional to help you understand the process of accepting electronic payments
• Free online web reporting for up-to-date information on items processed
• Traditional countertop terminals
• Sophisticated software (Touch Screen POS System)
• Web based virtual terminals (only an internet connection is required)
• PIN Based Debit Card Processing
• E-Commerce (Internet Sales)
• Gift Cards
• Payroll Cards for employees who do not have bank accounts
• One time and special event processing
• Non-profit organizations - Web based 'donation' buttons
• Medical - signature capture device to allow office to be 'paperless' . 

 

 

Visa® Business Credit Card

First Capital Bank offers Visa® Business credit cards to fit your business needs. Use these cards to build your business credit history, separate personal and business expenses, access reports detailing your company expenses by employee, or earn rewards on the entire company's spending.

Lost or Stolen Card 

Please call 1-800-847-2911 (1-800-VISA-911) to report a lost or stolen card. Your card number will be required.  

Please contact your local First Capital Bank branch for applications.
Additional restrictions may apply.