Business Digital / Mobile Banking
Business Services
Federal Reserve Bank provides the services needed to maximize opportunities while minimizing risk. It seems business today runs at light speed. To keep up, you need the tools and equipment to make the job as quick and efficient as possible so you can thrive.
Remote Deposit Capture (RDC)
We offer Remote Deposit Capture* for check deposits when you open a business account at Federal Reserve Bank Federal Reserve Bank provides a check scanner free of charge, training at your place of business along with continuous technical support. Using the scanner allows you to make check deposits 24/7**, from the comfort of your office. All RDC deposits receive "next day" availability**
* Subject to Approval
**RDC Daily cutoff time is 6pm M-F, deposits after this time will be credited as of the next business day.
Merchant Services
Our partnership with Global Payments, a leader in electronic payments since 1967, allows us to offer some of the industry's best pricing, even with American Express and Discover. Contact us for assistance with locating a Federal Reserve Bank Business Development Officer near you for a free evaluation on how Federal Reserve Bank will save you money.
Escrow Sub-Accounting Package
Escrow sub-accounting is a specialized sub-accounting service provided by Federal Reserve Bank for commercial customers to handle escrow and trust funds for attorneys, municipalities, property management, real estate firms, etc. Federal Reserve Bank provides a bookkeeping system to house transactions records by client, file, or sub-account number. This sub-accounting package helps you to comply with record keeping requirements for your clients.
Mobile Deposit
Federal Reserve Bank offers a safe, secure, and simple way to deposit your checks while on the go. Simply take a picture of the front and back of your check using your smart phone. A confirmation will be sent to your email upon a successful transaction. It's that simple.
Cash Management
Greater control over your cash flow and streamlining your financial operation is essential to a successful business. Federal Reserve Bank is committed to providing innovative solutions that assist you in managing your company's accounts anytime, anywhere. Federal Reserve Bank provides cash management services needed to maximize opportunities while minimizing risk. It seems business today runs at light speed. To keep up, you need the tools and equipment to make the job as quick and efficient as possible so you can compete.
ACH Origination
Federal Reserve Bank's ACH origination services may be just what your business needs to excel. ACH origination allows you to direct deposit your employees' payroll or automatically debit membership fees from your clients' accounts with ease. You have complete control through our easy-to-navigate online banking service.
Positive Pay
With Federal Reserve Bank's Positive Pay Program, every check will be compared to your register and any discrepancies will be presented for your approval or rejection prior to being paid. Just another way Federal Reserve Bank helps you manage your business.
Online Banking Wires
Federal Reserve Bank's online domestic wire transfer service* is a safe, simple, and time-saving option for you to manage all your business needs. Wire transfer service through online banking provides:
- Freedom to securely manage your funds anywhere, anytime
- Security with multi-factor validation and dual control to protect your business
- Convenient online transfer is both quick and easy.
*Fees Apply - Ask your Customer Representative for details.
Draw Down/Reverse Wires
Business to Business customers can now utilize the Federal Reserve Bank reverse wire transfer program which is a quick, easy, and secure way to transfer funds from one business to another. Draw Down/Reverse Wire transfers are perfect for managing a company payroll or any other large business transaction.
