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Payables and Disbursements

Payables and disbursements using ACH are a convenient, cost-effective way to manage your money. It provides a way for your business to pay monies out electronically for payroll, expense reimbursements, vendor payments and tax payments. You can gain better control over your disbursement funding operation, which will:

  • Reduce the cost of paper checks and distribution
  • Eliminate stop payment charges for lost or stolen checks
  • Improve employee satisfaction with direct deposit of payroll and expense reimbursement
  • Allow for timely payments & disbursements
  • Reduce exposure to check fraud
  • Maximize funds usage to eliminate excess deposit balances which can be invested or used for other activities

First PREMIER Bank offers additional services to make the daily management of your business expenses more efficient.

  • Automated Clearing House (ACH) Services provide the ability to streamline processes and better manage expenses through an electronic process of disbursing funds.
  • Corporate Credit Cards allow for greater control of your disbursements for purchasing, travel and entertainment expenses.
  • Business Online Banking and Business Bill Pay provide the ability to more efficiently manage cash out- flows, as well as paying bills online at your convenience.
  • Wire Transfer Services move funds into or out of your account within the same business day.
  • Reverse Wire Transfer Service provides same-day guaranteed funding for outgoing ACH credits.

Contact us for more information.