Small Business Banking

Banking in today’s technological environment has its benefits. One such benefit is Remote Deposit Capture. With Remote Deposit Capture you can scan and truncate your checks at your business location(s) and electronically transmit the images to First Commonwealth. No more need to run to the bank to make your daily business deposits. Now we can bring our bank to you!

Benefits

• Faster access to your deposited funds
• Improved float
• No more need for trips to the bank
• Reduced risk associated with uncashed checks
• Improved employee productivity…no more trips to the bank

First Commonwealth offers lockbox solutions designed to accelerate the collection of funds by reducing mail and check clearing float. These lockbox solutions also provide fast, easy access to critical information relative to your paper receivables. Our solutions include:

• Wholesale Lockbox - This solution is designed for company's receiving high-dollar, low-volume business-to-business payments.
• Automated Wholesale Lockbox - This service captures information from incoming checks and/or remittance documents. This information is then delivered to you via eCash Reporter or direct file transmission on a daily basis.
• Imaging Solutions - View digitized images of your incoming checks and/or remittance documents. These images are accessible through eCash Reporter, CD-ROM, or file transmission.

Our convenient Direct Payments system

• Lets you initiate automated clearing house (ACH) debits to your customers' accounts with their approval
• Speeds collections
• Reduces billing costs
• Can be used for any kind of repetitive payment
• Maximizes cash flow

Our Concentration of Funds (COF) service

• Lets you move daily receipts from numerous and widely dispersed points of initial deposit into a central corporate account
• Enables you to reduce collection float
• Enables you to increase available funds daily