Find new efficiencies by sending and receiving electronic payments
Reduce your staff workload. Trim postage and check-handling costs. Increase your percentage of on-time receivables. Send money quickly and inexpensively. With the focus on electronic transactions, our Blue Button Banking Treasury Management Services streamlines your operations and benefits your bottom line.
- Free demonstration before your business commits to our service
- Farmers State Bank will guide your team through the set-up process in person at your business location, every step of the way
- Improve your cash flow by not having outgoing funds tied up for days in the postal mail
- Reduce postage and other clerical costs by making electronic payments
- Increase on-time receivables as customers and clients take advantage of the ease of scheduling automatic electronic payments
ACH Origination
- ACH payments may also be used for Direct Deposit of your employee payroll
- Receive electronic payments from customers and business partners that are routed straight to your operating account
- With check-processing duties reduced, your office team is freed up for other mission-critical work
- ACH payments can be made to or from vendors, suppliers, landlords, trade associations and others
- FOR AUTOMATED CLEARING HOUSE (ACH) RULES FOR ACH ORIGINATORS, SEE BELOW.
Outgoing Wires
- Input information and send a wire conveniently from your computer
- Save money, as online treasury management wires cost $5 each, compared to $30 each for wires sent through a branch location
Positive Pay for Checks
- Check fraud protection service
- Manage check fraud risk by identifying unauthorized transactions including altered checks and counterfeits before final payment
User Management
- Administrator can set individual user authorization based on job function
- Examples; account view, transfers, ACH, wires and positive pay authorities
- Dual control authorities available
Fees
- One-time set-up fee: $25
- ACH batch: $5
- Wire: $5
- Re-creation of returned items: $5
- Additional fees may incur
Sweep Accounts
- In addition to these Treasury Management services, ask your Blue Button Banker for more information about our sweep options.
Automated Clearing House (ACH) Rules for ACH Originators
The ACH Network is governed by the NACHA Operating Rules & Guidelines, which is updated annually to reflect current and upcoming rules changes. To ensure compliance with current regulations, all ACH Network participants must have knowledge of and access to the current ACH Rules. As an Originator of ACH transactions, you are a system Participant and are therefore bound by these Rules.
As your Originating Depository Financial Institution (ODFI), we have provided access to the free basic online version of the most current NACHA Operating Rules, along with information to help you remain compliant. If needed, the full version or a printed copy of the rule book may be purchased at www.nacha.org
How to set up online access to NACHA Operating Rules & Guidelines
- Visit https://nachaoperatingrulesonline.org to obtain access to the NACHA Operating Rules & Guidelines (Google Chrome is recommended browser.)
- Click CLAIM YOUR SUBSCRIPTION and click Continue
- Enter your business email address and click Continue
- Choose I do not have a Full Access Subscription Code, then enter the requested information
- Under Organization Type, select “Corporate End User”
- Under Affiliation, select “Nonmember”
- Click Continue to Terms of Use
- Check I agree to the Terms of Use and click Complete Registration
- A message will appear that says “You will receive an email from digital@omnipress.com' confirming your account access
- You will receive an email with a username and password.
- Return to the NACHA Operating Rules & Guidelines home page (https://nachaoperatingrulesonline.org) and enter the credentials received in your email
eStatements
Simplify your banking with eStatements.
Access your bank statements online – with eStatements. Review balances, payments, deposits and other transactions from your computer any time of day with no waiting for the mail.