1st Express Deposit
1st Express Deposit is a revolutionary check clearing application that allows you to make check deposits electronically without having to physically transport checks to the bank.
Is 1st Express Deposit right for you?
Do you…
- Lose productivity by sending staff to make deposits?
- Make deposits after typical banking hours?
- Make photocopies of checks for record keeping?
- Wait several days until deposited funds become available?
- Have multiple locations receiving payments via check?
- Receive a high volume of checks each month?
- Receive checks from out-of-state customers?
- Have a high volume of NSF checks?
- Find it frustrating that your business is not within a close proximity of 1st Security Bank?
Benefits of 1st Express Deposit
Improved Funds Availability: Typically the funds from deposited check are not available to your business until those checks have cleared, which can take anywhere from 2-5 business days. 1st Express Deposit speeds up this process by making funds available on out-of-state checks the same or following day.
Reduced Deposit Preparation Costs: Labor-intensive manual deposit preparation time is eliminated, and research time and storage is reduced through the use of stored digital images.
Reduced Risk of Fraud: Accelerated check clearing reduces the risk of fraud. It allows return items to be identified quicker, thus enhancing the collection process.
Extended Deposit Window: Deposits can be made beyond traditional banking hours and on weekends. In addition, you no longer have to take the time to drive to the bank.
For more information, call a business specialist at 877.FSB.4BIZ, or email.
Merchant Credit Card Services
1st Security Bank offers the perfect combination of services for every business, from in-store to e-store, with a full range of debit and credit payment processing solutions. We have the tools to increase sales and give your customers an enjoyable experience. When you select our easy-to-use check card and credit card processing system, the possibilities are endless.
- Credit/Debit
- Checks
- Purchasing Card
- Terminals
- Gift Cards
- Customer Service
- Merchant Training and Activation
To learn more about our credit card acceptance capabilities, contact a business specialist.
Workplace Banking for Employees
To stay competitive as an employer, you should look at the benefits available for your employees. Many banks don’t provide a variety of benefits to small businesses because they are unable to see the value in the investment. 1st Security Bank understands small businesses and big businesses alike so the services offered are designed to help your business and your employees succeed. Show your employees a little appreciation and give them the benefits they deserve.
With Workplace Banking for Employees, employees can have access to a free checking account, special discounts and bonuses on 1st Security Bank products and services. Features include:
- Free checking with no monthly service fees
- Free Online Banking and Bill Payment
- Free 1st Security Bank Debit Visa Card
- Free direct deposit of the employee’s paycheck
- Free notary services
- Free traveler’s checks
- Free automatic savings plan
1st Security Bank Workplace Banking is only available to individuals who receive electronic deposit paychecks and are within an enrolled business. If you want to learn more about employee benefits and eligibility, contact the manager at your nearest 1st Security Bank branch.
International Banking Services
Quick Jump
Letters of Credit
For your convenience, 1st Security Bank provides a range of Letter of Credit products that include Import, Export, and Standby Letters of Credit. These documents are commonly used for arranging payment between buyers and sellers and they can serve as a vital part of your international business.
Import Letters of Credit
For an importing company with overseas suppliers, a letter of credit may be issued on your behalf from your financial institution. This Import Letter of Credit transfers the payment responsibility to the institution under the stipulation that the supplier has met all of the requirements stated in the letter. 1st Security Bank can give you the opportunity to finance your imports by creating letters of credits that grant sight or time drafts in U.S. dollars. Credit approval is required for this product
Export Letters of Credit
If you own an exporting company, you should be confident that payment will be received from overseas buyers in a timely manner. This process can be secured by requiring a letter of credit from the buyer’s financial institution. An Export Letter of Credit minimizes the risk of non-payment by your overseas buyer.
Standby Letters of Credit
Standby Letters of Credit can be used by both importers and exporters as a contract that serves as a guarantee of payment. It also includes the assurance that the applicant will fulfill all obligations and requirements listed in the agreement between the buyer and seller. Standby Letters of Credit are also used to support a range of situations domestically, including contract fulfillment, payments, and worker’s compensation bond requirements.
Credit approval is required for this product. To learn more about our letter of credit capabilities, contact a business specialist.
Documentary Collections
In the event that trade transactions do not require the security of a letter of credit, 1st Security Bank has a simpler, more economical process to settle your import and export transactions. Documentary collections provide more protection to exporters than they would have when selling on an open account.
To learn more about our documentary collection capabilities, contact a business specialist.
International Wires
International wires are done on a case-by-case basis. Please contact the manager at your nearest 1st Security Bank branch.
Small Business FinanceWorks
Small Business FinanceWorks is a suite of easy-to-use tools developed with one thing in mind — serving the needs of the small business owner from a single destination within your online banking.
- Manage important financial tasks from one place.
- Get paid faster with convenient tracking and follow-up tools.
- Establish a professional appearance to your customers.
- Easily and efficiently manage payroll.
- Select only the solutions that are right for your business.
- Free up time from financial tasks and focus on running your business.
Click here to view a demo *.
If you would like to sign up or learn more about Small Business FinanceWorks, simply contact your local 1st Security Bank branch.
* My Deposit® available through Small Business FinanceWorks is currently not being offered by 1st Security Bank.