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Business Additional Services
- Card Services
Business Debit Card
FIRST PAY MASTERCARD® DEBIT CARD
First National Bank’s First Pay Debit Card allows access to your checking account anywhere you see the MasterCard® symbol. Business Debit Card holders can take advantage of increased POS daily limits.
Linking your new First Pay Debit Card to your First National Bank checking account allows easy access to funds in your account using any ATM network. Fees may apply for cash withdrawals or transfer of funds at ATMs we do not own or operate.
Prevent Debit Card Fraud by enrolling your debit card in FNB Guardian Alerts. Click here for details.
Merchant Card Services
Regardless of whether you’re new to accepting non-cash payments or just looking for better rates, we want to be your partner for Merchant Card Processing.
Payment types we process:
TeleCheck® Check Acceptance
Depending on your business needs, the type and style of electronic processing terminal may vary. All processing terminals are available for purchase and are EMV compliant.
Electronic Terminal is the most common processing method. Merchants have the option to rent or purchase EMV compliant equipment. An Electronic Card Terminal, like the FD-130, is an affordable solution that combines performance, reliability, and ease of use into a compact device. With the ability to process credit, debit, EBT, and check transactions, this combination terminal and printer streamlines payment acceptance and enables better customer service.
Mobile Card Reader SwipeSimple is a full featured and easy-to use payment terminal that allows you to make sales anywhere you go. These card readers are responsive, secure, and work with your tablet or smartphone. It supports EMV, Magnetic Stripe, Keyed, and Cash transactions while providing fast and secure processing. An online dashboard is available for reporting and transaction support.
Clover™ Station Retail Point-of-Sale Software is a next-generation system that is capable of tracking inventory, managing employees, and gaining customer insight for better relationships with the merchant's customers.
Ecommerce: Whether your customers are shopping online, with a mobile device, over the phone, or inperson, there are secure payment acceptance options available. Features include online and shopping cart integrations, mobile payment acceptance, options for recurring or installment billing, Quickbooks™ integration, advanced fraud monitoring tools, and encryption and tokenization products
First National Bank offers a competitive rate plan with no application fee, annual fee, or other surcharges. Rates are determined by the card types your business accepts. Card types can include business cards, rewards cards, and standard issue consumer debit and credit cards. Rates can be customized for your business by providing the last two to three months of statements from your prior or current merchant card services provider. Rates do not include the cost of processing equipment or software.
Contact us for more specific rate information.
Our Merchant Card Services program is available to commercial customers who have a business checking account here at First National Bank. To apply, simply complete the Merchant Card Services Application. Approval is usually as quick as three to five business days after the application has been received. If approved, you will receive a Merchant Account Number and Welcome Packet.
- Account Analysis
Account Analysis allows certain business customers to offset their monthly maintenance fee and account activity charges by maintaining compensating balances.
How does it work?
Instead of being debited for activity throughout the month, a running total is kept. At the end of the month, customers receive an easy-to-read statement in which all activities, and the charges associated with those activities, are totaled. Your statement will also detail the average net collected balance and the earnings credit calculated on that balance.
Earnings for Account Analysis are calculated based on the average net collected balance for the month. Earnings credit rates are determined by the previous month’s average 13-Week T-Bill.
All accounts on Account Analysis will be subject to a monthly maintenance fee. This fee is based on the type of business that you operate and the resulting monitoring requirements based on that industry.Money Service Business (MSB) Fee$500 per monthConvenience Store Maintenance Fee$350 per monthMaintenance Fee*$10 per month
*Assessed to all other businesses not operating as a Money Service Business or Convenience Store
How am I Charged?
Each activity has a set charge for customers on Account Analysis. Charges can be offset for each activity if the required balance to offset that charge is maintained throughout the month. Customers will be debited the maintenance fee and all calculated activity charges, less calculated earnings on the average net collected balance, within the first ten business days of the next statement period.
Service Activity ChargesDebits$0.25 per itemCredits$0.25 per item“On-Us” Items Deposited$0.15 per itemTransit Items$0.15 per itemRolled Coin$0.15 per rollCurrency$0.0004 per $1.00 ordered
Other ServicesDomestic Wire Transfer$15 eachInternational Wire Transfer$40 eachMerchant Capture Services$35 per monthRemitPlus®Services$200 per monthPositive Pay Services$40 per month (unless billed through Cash Management)
- Remote Deposit Capture
Remote Deposit Capture (RDC) is a cash management service that allows a commercial customer to remotely scan their own checks, automatically convert them into industry standard check images, and electronically transmit them to the Bank as a deposit.
RDC may be a fit for you if your business:
- Accepts paper checks as a form of payment from customers or vendors
- Makes more than two trips to the bank each month to make deposits
- Finds it difficult to get to the bank during regular business hours
- Pays an employee or courier to make bank deposits
- Depends on cash flow for the success of your business
- Owns a computer with internet access
Benefits of Remote Deposit Capture
- Convenient, no-hassle banking saves time and money by depositing checks right from your desktop, anytime it’s convenient for you.
- Improved cash flow means no more checks piling up waiting to be deposited. Frequent deposits reduce the risk of lost or stolen items.
- Reduced liability risk that stems from Workers’ Compensation claims for any accidents on the way to the bank.
- Allocation of funds into multiple accounts with just a few clicks allows you to quickly and easily split a deposit into multiple accounts rather than having to make numerous transfers.
- With no hardware to install and no dedicated computer to upgrade, getting RDC up and running at your business is quick and easy! We provide the check scanner, so all you need is an Internet-enabled PC equipped with a web browser.
How does RDC work?
The system is comprised of a desktop computer with internet access, a small check scanner, and a printer. The secure website operates the scanner, converts the paper checks into electronic images, and ensures the total of the checks scanned balances to the batch total previously entered. The secure website also creates a permanent storage for the check images and provides advanced research capabilities.
After the initial installation, training on how to operate the system properly will be conducted. Periodically thereafter, authorized users will be notified of any changes that have occurred in laws or regulations that pertain to RDC.
RDC Item Processing
Enacted on October 28, 2004, the Check Clearing for the 21st Century Act allowed check images to be exchanged electronically rather than physically transporting original checks. You may not use RDC to deposit prohibited items such as: items that have been altered or forged; items drawn on foreign banks or payable in foreign currency; items without preprinted magnetic ink routing numbers; third-party items or items payable to any person or entity other than your business; or items dated more than six months prior to deposit.
All deposits must be processed by 5 pm, Monday - Friday, excluding Bank holidays.
To find out more about Remote Deposit Capture or the monthly service fee associated with this service, contact our Customer Service Center at 512-321-2561.
- Business Manager
More than 30,000 financially healthy small to medium-sized businesses across the United States have discovered that Business Manager is the key to running and growing their business more effectively.
Business Manager puts your operations on an all-cash basis by providing working capital for your receivables from a local bank. By bridging the gap between your accounts payable due now and the accounts receivable your customers won’t remit for 30 days or more, this successful program positions your company to:
- Realize growth opportunities
- Extend credit terms
- Take advantage of supplier discounts
- Reduce debt
- Operate with confidence
- Pay bills timely
- Build strong vendor relationships
With Business Manager, your company also will received detailed management reports with important information on aged receivables, customer balances, credit applications, and more.
A Business Constrained by Cash Flow Shortages A Business Utilizing Business Manager Experiences obstacles to growth Converts frozen assets into cash to support growth Misses prompt payment discounts from suppliers Lowers the cost of goods and increases profit margins Needs predictable cash flow Eases uncertainty about daily cash fluctuations Averse to debt Manages cash rather than debt Wants to offer competitive extended payment terms Offers a variety of flexible payment terms Has collectible, but slow-paying receivables Sells to large corporations and government entities that typically pay slowly Operates inefficiently Uses electronic commerce to minimize tasks Spends too much time on financial matters Uses time to manage business opportunities Constrained by cash flow and borrowing limits Gains additional funds with greater risk
Industries that have profited from improved cash flow
- Lumber & Wood Products
- Industrial & Commercial Machines
- Fabricated Metal Products
- Tool & Die
- Textile Mill Products
- Medical Instruments & Apparatus
- Paper Products
- Furniture & Fixtures
- Rubber & Plastics
- Temporary Services
- Staffing Services
- Graphic & Display Designers
- Land Surveyors
- Building Maintenance
- Safety Equipment Services & Supplies
- Technical & Computers
- Support Providers
- Medical & Hospital Equipment
- Electrical & Plumbing Supplies
- Printing & Publishing
- Paper Products
- Industrial Components & Supplies
Natural Gas & Oil Services
- Water Supply Trucks
- Drilling & Mining Equipment Suppliers
- Fuel Distribution
- Vacuum Truck Services
- Well Testing & Servicing
- Safety Equipment & Training
Transportation & Trucking
- Heavy Trucking & Hauling
- Light Trucking & Hauling
- Tire Dealers
- Automobile Parts
- Auto & Truck Repair & Service
How would improved A/R timing impact your cash balances?
Average A/R Balance
Average Monthly Sales
Resulting Average A/R Turn
For every day your business could improve its turn of accounts receivable, you could increase your average cash balance by $5,000.
Imagine converting your existing receivables into cash in as little as 24 hours. Then you would be managing cash rather than waiting for your clients to pay.
Cash flow is fundamental to every business and managing it can be stressful. Business Manager helps alleviate that stress by funding your invoices the next day, making your business more successful and your nights more restful.
Is Business Manager right for you?
The best way to find out is by talking briefly with one of our Business Manager specialists. Within a few minutes, you’ll know if the program is right for you.