Cash Management
First Metro Bank realizes each business is unique. With the ever-changing technological environment, our business customers want the convenience of online access to accounts and electronic options, coupled with traditional business checking account services. We offer three Cash Management options from which to chose, giving you the convenience and flexibility you need.
Level I Cash Management
- Unlimited Commercial Online Access
- Commercial bill payment (up to 15 payees)
- ACH origination (5 batches per month, subject to credit approval)
- CD-ROM statement available
Level II Cash Management
- Unlimited Commercial Online Access
- Commercial bill payment (up to 30 payees)
- ACH origination (12 batches per month, subject to credit approval)
- 2 Domestic wire transfers with no fee
- CD-ROM statement available
Level III Cash Management
- Unlimited Commercial Online Access
- Unlimited commercial bill payment
- Unlimited ACH origination (subject to credit approval)
- 5 Domestic wire transfers with no fee
- CD-ROM statement available
The bill payment feature is processed through CheckFree. To enhance security, a separate User ID and password may be required for this service. Each bill is presented for payment electronically. If a payee is not equipped to accept payment electronically, a check is presented for payment. Each bill is pre-funded and funds are withdrawn from your Cash Management account on the specified due date. Any bill can be paid, either to a company or individual. Each transaction has a memo posting for additional information.
