Treasury Management
Franklin Mint Federal Credit Union is pleased to provide small business owners a variety of dynamic business deposit products and services. FMFCU has the right choices for your business.
For more information, contact a Relationship Manager today! relationshipmanagers@fmfcu.org
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ACH Solutions
Initiate payments with greater accuracy, improve cash flow forecasting, and access funds easily with FMFCU ACH Solutions.
- Payroll Services
- Recurring Payments
- Business Initiated Payments
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Business AnytimeDeposit (Online Check Deposits)
FMFCU’s Business AnytimeDeposit service is a revolutionary product that blends the convenience for remote deposit with the functionality and security of new check scanner technology.
*For less than 20 checks per month, we recommend using our consumer AnytimeDeposit service.
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Business Sweep
Business Sweeps are designed to sweep funds between a money market account and a primary checking account. In most cases, funds can sweep into a general account, such as operating or payroll, while the sweep destination account (primary account) is a more permanent holding of funds such as a Business Money Market Account.
Benefits of business sweep:
- Maximizes your company’s excess funds
- Eliminates the need for manual transfers
- Saves administrative time and expenses
FMFCU offers two types of sweep arrangements:
Reactive
- Similar to draw setups, but enabled on checking accounts, without a fee
- Allows funds to sit in higher-interest accounts
- Avoids overdraft fees
- Will move funds if needed to cover any items as presented
- If transfers are needed, will ensure the account stays at a zero balance
Proactive
- This is a batch process – funds will be moved daily according to set parameters
- Ensures the account will have appropriate balance to start the next business day
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Merchant Services
Have the power to accept credit cards, debit cards, and ATM cards for payment at your business!
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Online Banking with FREE Bill Pay
Business Online Banking
- Check balances, ATM/DebitCard transactions and cleared checks
- Transfer funds between accounts – one time or recurring
- Obtain free copies of cleared checks (90 days)
- Free Online Statements to view, print, and save
- Online stop payments
- Ability to grant access to additional users
- Sweep Accounts
Business Bill Pay
- Pay bills directly from your checking account(s), without writing checks
- Schedule recurring or one time payments
- Choose any of your checking accounts to make payments
- Save money on stamps and gas
- Ability to create and save vendor/payee reports
- Take control of your accounts – change or cancel payments anytime
- Expedited payments
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Positive Pay
Positive Pay is a great tool to help protect your business checking account(s) against loss due to check fraud and/or ACH debits. It increases both the effectiveness and timeliness of fraudulent check detection relying on posted proof files to identify altered checks.
Features and Benefits:
- User friendly design
- Issued check management (check file import and manual input)
- Check issue maintenance (stop payment and voided checks)
- Additional users setup and maintenance
- Exception and approval logs
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Treasury Tax & Loan Payment
Pay any tax due to the IRS using their Electronic Federal Tax Payment System®.
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Wire Transfer Services
Time Saving — Secured — Efficient
- Speed up payment processing and deliver funds faster while maintaining tight control over transactions. Schedule recurring and one-time payments.
- Fast—make payments when time is of the essence. Pay customers, vendors and employees same day.
- Simple—Perform wire transfers effortlessly with our online platform’s wire and expedited payments function.