First PREMIER Bank's Virtual Account Management solution streamlines account management, reduce costs and optimize working capital.CONTACT US
Virtual Accounts are a cost-effective means of centralizing and streamlining account management, eliminating the need for a complex and costly network of physical accounts. Virtual accounts are non-physical accounts that are created and tied directly to a physical account at First PREMIER Bank. Virtual accounts carry a unique account number and online access, which can be used to simpllify account reconcilation, billing and payment collection. Funds movement takes place through the linked physical account, while reporting can be done at both the virtual and physical account level.
We provide a customized suite of financial management tools that help businesses efficiently manage cash, payables and receivables. Contact a Treasury Services Specialist to learn more.