Cash Management
Field & Main® offers a solution to help you manage cash flow for your business. Fully integrated with Field & Main online banking, cash management services provide you with greater control and online service all day, every day.
Wire Transfers
Features:
- Domestic transfers
- Online or in-person submissions
- Ability to schedule recurring wires
Benefits:
- Move funds quickly/securely
- Saves time
- Increases efficiency
- View transactions online and in real-time
- Reduce check processing costs
- Access to dual control & secured processing
Automatic Clearing House (ACH)
Features:
- Non-urgent payments
- Ability to schedule ACH
- Reverse transactions
Benefits:
- Reduce cost and increase safety
- Reduces the need for checks
- Employee payroll direct deposit
- Access to dual control & secured processing
- Same-day ACH capability (subject to fees)
Online Banking
Features:
- Individual user IDs/passwords
- Password reset option
- Person-To-Person money transfers
- Unique security tokens for each user
- E-statements
- Access to BillPay
- Payment cancellation
- Check ordering system
Benefits:
- Access employee information
- 24-hour access
- Print monthly statements
- Take advantage of superior security
- Internal loan payment transfers
- Review account balances & activity
- Transfer funds between accounts
Remote Deposit
Features:
- Same-day settlements
- Scanned check storage
- Single check feed machine
- Multiple check feed machine
Benefits:
- Convenience without having to leave your office
- Same day deposits
- Saves time
- Reduces time away from work
- Increases work efficiency
- Record retention
- Secured transactions
- Hardware/software user training
- Extends daily deposit deadlines
- Fraud prevention
- Bank technical support provided
Mobile Banking
Features:
- Downloadable app
- Transfer funds from one account to another
- Access account statements
- View images of cleared checks
- Review banking transactions
- Multiple “alert” settings available
- Pay bills
- I-Phone® or Android™ compatible
Benefits:
- Fast and convenient
- 24-7 access
Sweep Accounts
Features:
- Ability to earn higher interest rates
- Overdraft protection
- Ability to sweep excess funds to borrowing line of credit
Benefits:
- Reduce line of credit interest expense
- Increase interest income
- Eliminate return check charges
Learn more about Sweep Accounts here.
Positive Pay
Features:
- Checks presented for payment must match a file of authorized checks you submit in order to be paid
- Electronic file of authorized checks can be submitted daily
Benefits:
- Automated fraud prevention
- Receive daily notification of incoming checks
- Review checks prior to posting
- Easily approve checks presented for payment via online banking
Learn more about Positive Pay here.
Merchant Services
Features:
- Alternative payment method
- Dedicated sales representative
- No sales contracts
- 24-hour settlements
Benefits:
- Customer convenience
- Competitive merchant pricing
- Commit for as long as you want
- Deposit directly into a business account
- Track credit card sales daily
Business Credit Cards
Features:
- Visa® network support
- Combined employee purchases
- Individual employee credit cards
- Fraud prevention
- Branch/online/telephone pay options
- Option to add cardholders
- Online application
- Quick credit decisions
Benefits:
- Use accurate accounting records
- VISA® merchant protection
- “Float” time savings
- Separate business expenses from personal expenses
- Consolidated monthly activity statements
- Control credit lines per card
- Company accumulative reward points
- Chip card fraud prevention
- Use comprehensive reporting
- Fraud prevention monitoring
- Eliminate fraud liability
- Available in emergency situations
Cash Management FAQs
Your Questions Answered: Navigating Cash Management with Ease
Are Field & Main’s cash management services integrated with online banking?
Absolutely! All our cash management services, except for credit cards, are seamlessly integrated with Field & Main’s online banking platform.
Are these services accessible online at any time?
Yes, you can access our online services 24/7, ensuring you have control whenever you need it.
How will cash management services benefit my business?
Our fully integrated online banking services give you greater control over your cash flows and provide accessibility whenever you need it, helping you manage your finances more efficiently.
Can I export my data into financial management software?
Yes, you can easily export your data in various formats to integrate with your financial management software.
Ready to talk about Cash Management?
If you’d like to further familiarize yourself with Cash Management, take a deeper dive into the topic. Discover the fundamentals and read some Field & Main success stories.
Contact us to talk to a cash management representative today. You can also visit any of our locations in Henderson, Lexington, or Cynthiana, Kentucky, and Evansville, Indiana. Let’s discover how you can boost your business’s cash flow.
