BizEssentials Cash Management Packages

Until now, some of the most powerful cash management tools were only available to companies with big budgets or large balances. But why should they get all the service? BizEssentials Cash Management Packages offer the tools you need to maximize cash flow, conveniently packaged at three different levels you can actually afford. It simplifies your job, offers more control, and most importantly, fits your budget.

Packages Details:

Build a cash management package based on your business's cash cycle needs by simply adding up to three treasury management services to your BizEssentials Checking account.

 

Package Service Options Fees Waiver Requirements*

BizEssentials Plus One
BizEssentials Checking plus one of the listed service options

$25/month service fee*

  • Remote Deposit Capture
  • ACH Credits
  • Positive Pay
With $35,000 average monthly collected balances

BizEssentials Plus Two
BizEssentials Checking plus two of the listed service options

$50/month service fee*

  • Remote Deposit Capture
  • ACH Credits
  • Positive Pay
With $60,000 average monthly collected balances

BizEssentials Plus Three
BizEssentials Checking plus all of the listed service options

$75/month service fee*

  • Remote Deposit Capture
  • ACH Credits
  • Positive Pay
With $85,000 average monthly collected balances

 

To get started with your BizEssentials Cash Management Package or for more information, contact your Treasury Management Sales Officer, Business Relationship Manager, or your local financial center.

Cash Management Service Options

  • With Remote Deposit Capture, you can deposit checks electronically, anytime, from anywhere. Using a Windows-based PC, a small desktop scanner (provided by the bank) and a high-speed internet connection, your banking experience is as simple as 1-2-3. Prepare your deposit, scan your checks, and transmit.
  • Better manage your payable operations when you use ACH through Business Banking Online. The following products and services are available with ACH Credits.
    • Reduce your exposure to paper check fraud by getting all of your employees on safe, reliable Payroll Direct Deposit. Your employees' payroll is deposited electronically into their accounts, making it easier for you on payday. No reconciliation, reissue or stop payments. Plus, you save them the time it takes to travel to the bank.
    • Our Tax and Child Support Payments service is efficient for meeting employer obligations for collecting child support payments from your employees when required by the State Agency. Federal and/or state tax payments can be made using a standardized format included in the service that complies with EFTP (Electronic Federal Tax Payment) guidelines.
    • Pay your vendors electronically using ACH and know exactly when funds move out of your account. You will have close access to the movement of your funds, which will allow you to efficiently manage your payables. Also, with vendor payments, you will receive CCD with one line of addenda (up to 84 characters) of information about the payment.
  • Positive Pay is a tool that can help you combat check fraud and forgery by matching the checks presented for payment against check issue detail provided by your company. Business Banking Online provides you with easy access to review and decision suspect items including an option to view an image of the check presented for payment.

Benefits

  • Maximizes cash flow
  • Simplifying account reconciliation
  • Reduces trips to the bank
  • Simplifies your job
  • Offers you more control
  • Affordable
  • Reduces fraud exposure

 

*Waiver requirements subject to change at anytime

  • Get more for your business with BizEssentials® Checking

Federal Deposit Insurance Corporation Banking products and services are provided by First Tennessee Bank National Association. Member FDIC. Logo_Equal_Housing_LG Equal Housing Lender.