At First Mid, our Treasury Management Services team partners with businesses of all sizes to deliver customized solutions that drive efficiency, streamline operations, and boost profitability. With our Commercial Online Banking platform and comprehensive suite of Receivable, Payable, and Fraud Protection tools, you’ll have everything you need to manage and grow your business – today and into the future.
Commercial Online Banking
Take control of your business finances with secure, user-friendly online banking, anytime, anywhere.
- Business Online Banking
- Mobile Banking for Business
- Account transfers
- Stop payments
- Balance alerts
- Audit and activity reporting
- Multi-user security and access controls
Receivable Solutions (Collecting Funds)
Few things are as important as collecting payments timely and efficiently. Get paid faster and smarter with tools designed to simplify incoming payments.
- ACH Collections
- Collect rent, dues, and recurring payments
- Debit client accounts directly
- Streamline and automate receivables
- Remote Deposit
- Deposit checks digitally or with a scanner
- Make convenient in-office or mobile deposits
- Have faster funds availability
- Lockbox Services
- Accelerate accounts receivable processing
- Accept multiple payment types
- Access same-day images, data, and reports online
- Smart Pay Express
- Accept secure online payments and donations through a branded microsite and unique web address
- Accept single or recurring payments
- Access robust reporting and recordkeeping
Payable Solutions (Distributing Funds)
Quickly and easily simplify your payment process and help reduce risk with smart payables tools.
- ACH Payments
- Pay vendors and employees efficiently
- Establish direct deposits for payroll
- Help reduce check fraud and processing time
- Bill Pay
- Set up one-time or recurring payments
- Pay multiple invoices at once
- Easily manage payments through online banking
- Wire Transfers
- Make domestic and international transfers
- Choose from real-time submission options
- Send one-time or recurring wires
- Sweep Accounts
- Automate internal transfers
- Maximize earnings and reduce manual tasks
Fraud Solutions
Protect your business with confidence – help safeguard your accounts and transactions with our fraud protection tools.
- Check Positive Pay
- Detect and prevent check fraud before it happens
- ACH Positive Pay
- Gain control over ACH debits
- Prevent unauthorized transactions
Additional Treasury Services
- Insured Cash Sweep (ICS)/Certificate of Deposit Account Registry Service (CDARS)
- Access multi-million-dollar FDIC insurance
- View consolidated reporting of all accounts
- Gain greater peace of mind for large deposits
- Direct Connect
- Sync your bank accounts directly with QuickBooks® and Quicken®
Third-Party Business Solutions
- Merchant Services powered by Heartland¹
- Accept all major payment methods: cards, checks, digital wallets, and more
- Utilize flexible device options: POS systems, mobile, laptops, and card readers
- Receive 24/7 customer support, electronic invoicing, and billing tools
- Payroll & HR Solutions powered by Heartland¹
- Get full-service payroll and tax processing
- Receive access to HR pros, compliance alerts, and templates
- Enjoy seamless integration and simplified management
- Business Credit Cards from Elan Financial Services¹
- Choose from multiple VISA® options for all business types
- Access rewards, expense tracking, and cost-saving benefits
- Access to free employee cards and 24/7 support
- Health Savings Accounts (HSAs) Powered by Lively²
- Administer accounts with a modern, intuitive HSA platform
- Simplify employee healthcare savings and reduce admin time
What is Treasury Management?
Treasury Management refers to a suite of financial services that help businesses manage cash flow, streamline payments, improve receivables, and help protect against fraud. Treasury services are designed to simplify your business banking processes, making them more efficient and secure.
What types of businesses can benefit from Treasury Management services?
Businesses of all sizes and industries can benefit. Whether you’re a small business looking to automate payments or a larger company managing multiple accounts and employees, our customizable solutions can be tailored to fit your needs.
What are the benefits of using Commercial Online Banking?
First Mid’s Commercial Online Banking platform allows you to manage your business accounts securely from nearly anywhere. You can transfer funds, set up alerts, issue stop payments, review audit reports, and control user access – all in real-time.
What is Positive Pay and how does it work?
Positive Pay is a fraud prevention tool. It compares checks or ACH transactions presented for payment against a list you provide. If there’s a mismatch, the system flags it for your review before releasing funds – helping to prevent unauthorized transactions.
How does Remote Deposit work?
Remote Deposit lets you deposit checks without visiting a banking center. Using a scanner or mobile device, checks can be digitally deposited in the office or on the go. It’s quick, secure, and speeds up access to your funds.
Can I accept online payments or donations through your platform?
Yes. Our Smart Pay Express service allows you to accept secure online payments and donations. You’ll receive a custom-branded payment page and have access to detailed reporting tools for better tracking and reconciliation.
What’s the difference between ACH and wire transfers?
ACH (Automated Clearing House) transfers are ideal for scheduled payments like payroll or monthly invoices. They are cost-effective and take 1-2 days to process. Wire transfers are faster (often same-day), used for time-sensitive or international payments, and typically involve a higher fee.
Do you offer merchant services and payroll solutions?
Yes. Through our partnership with Heartland¹, we offer full-service Merchant Services and Payroll & HR Solutions, including credit card processing, employee payments, tax management, and compliance support.
Is my money insured with your treasury solutions?
Yes, with ICS/CDARS, your large deposits receive multi-million-dollar FDIC insurance coverage while remaining easy to manage through one bank relationship and one consolidated statement.
Can I integrate my accounts with QuickBooks® or Quicken®?
Absolutely. Our Direct Connect feature allows seamless integration with QuickBooks® and Quicken®, making reconciliation and accounting much easier.
Let one of our Treasury Management Relationship Managers discuss service options and account structures that can meet your company’s current and emerging financial needs. As you grow and your needs change, we will work with you to optimize these changes.
To learn more about treasury and cash management services at First Mid, contact one of our Treasury Management Representatives or complete our online form to request more information.
- All accounts subject to credit approval; some restrictions and exclusions apply to all offerings. All trademarks contained herein are the sole and exclusive property of their respective owners. Any such use of those marks without the express written permission of their owner is prohibited. © 2020 Heartland Payment Systems, LLC, a Global Payments company (NYSE: GPN). All rights reserved. Heartland Payment Systems, LLC is a registered ISO of Wells Fargo Bank, N.A., Concord, CA, and The Bancorp Bank, Philadelphia, PA.
- First Mid Health Savings Account, powered by Lively, are provided by Lively Inc. and are subject to their approval. Lively Inc. is not affiliated with First Mid Bank & Trust.
