First Independence Bank Treasury Management Solutions

Account Reconciliation
Check Imaging Service
Electronic Payment Solutions
Payroll Solutions

When making routine payments for trade or payroll activity, managing your working capital effectively and efficiently can be a challenge. First Independence offers comprehensive payments solutions to help you integrate control and efficiencies into accounts payables processes and systems.

No matter what kind of payment you're making - check, cash, or electronic - First Independence will help you strategically manage payments and reduce processing costs.

Paper-Based Solutions

Account Reconciliation

Streamline your reconcilement process with our Account Reconcilement Services. We have several options available that can enhance your account information as well as minimize losses due to fraudulent check activity through electronic data transmissions and consolidated information reporting.

Full Reconcilement
- Receive Electronic reporting of both paid and unpaid checks.
  On a check issue basis, electronically transmit your check issue information on a monthly basis and we will do the rest!
Partial Reconcilement
- Receive Electronic listing of paid checks for the prior statement cycle.
- Additional report summarizes stop payment activity.
Positive Pay
- Our state-of-the-art fraud protection system ensures check authenticity on a daily basis.
- On a check issue basis, provide us your check issue information and we will do the rest!
- Checks clearing our system will be verified daily against your information.
- Additionally you have the ability to make a pay/no-pay decision on any suspicious items and return them through the check clearing system, negating the payment of fraudulent items.

Check Imaging Service

Use check images to monitor paid items.
Access images through the Internet with ECorp our state-of-the-art Internet Banking platform. Check Images can be available on all prior day transactions for viewing and storage on either a CD-ROM or your computer. Additionally, your images can be remitted to you with your monthly statements on a CD-ROM.

Electronic Payment Solutions

As companies look for ways to minimize costs and improve efficiencies, electronic payments are now common practice. Consider these solutions to help streamline your own payables, payroll and receivables process.

Automated Clearing House (ACH) Services - This service allows you to originate and receive ACH transactions. These cover a lot more than just payroll payments. They can be used to pay any accounts receivable, recurring payments such as; utility bills, taxes, insurance payments, transfer balances, and the countless other costs of doing business for which checks are issued. They are also used to collect accounts receivables due to your company, both repetitive and non repetitive.
Wire Transfer - When speed is essential, wire transfer facilitates the same-day transfer of funds. Initiate one-time or recurring domestic or international wire transfers online, over the phone, or at one of our many branches.
Commercial Card Services - For corporate procurement or travel and entertainment expenses, First Independence offers comprehensive commercial card programs to help you manage reports, and integrate these expenses into your accounts payable system.

Payroll Solutions

Processing payroll can be one of your most cumbersome payment activities. Using our electronic payroll solutions can help decrease the time required for your staff to prepare, distribute, and reconcile these routine payments. Options include:

Direct Deposit - Deposit employee pay directly into their checking or savings account eliminating the need to mail checks to local or remote employees.
Payroll Card - For employees who do not have a bank account or are infrequently paid, consider our payroll card (Pay Card) services.

Have questions, We’re available to serve you.
Contact us at 313.256.8439, or email
rhondapugh@firstindependence.com to request information.




Home Page General Information Locations ATM Locations Career Opportunities Lending Products Deposit Products Investment Products Online Banking Treasury Management Calculators Interesting Links Privacy & Security Disclosures Contact Us		Treasury Management Solutions Payables \| Receivables Online Information Services \| Merchant Services Employee Benefit Banking Payables Account Reconciliation Check Imaging Service Electronic Payment Solutions Payroll Solutions When making routine payments for trade or payroll activity, managing your working capital effectively and efficiently can be a challenge. First Independence offers comprehensive payments solutions to help you integrate control and efficiencies into accounts payables processes and systems. No matter what kind of payment you're making - check, cash, or electronic - First Independence will help you strategically manage payments and reduce processing costs. Paper-Based Solutions Account Reconciliation Streamline your reconcilement process with our Account Reconcilement Services. We have several options available that can enhance your account information as well as minimize losses due to fraudulent check activity through electronic data transmissions and consolidated information reporting. Full Reconcilement Receive Electronic reporting of both paid and unpaid checks. On a check issue basis, electronically transmit your check issue information on a monthly basis and we will do the rest! Partial Reconcilement Receive Electronic listing of paid checks for the prior statement cycle. Additional report summarizes stop payment activity. Positive Pay Our state-of-the-art fraud protection system ensures check authenticity on a daily basis. On a check issue basis, provide us your check issue information and we will do the rest! Checks clearing our system will be verified daily against your information. Additionally you have the ability to make a pay/no-pay decision on any suspicious items and return them through the check clearing system, negating the payment of fraudulent items. Check Imaging Service Use check images to monitor paid items. Access images through the Internet with ECorp our state-of-the-art Internet Banking platform. Check Images can be available on all prior day transactions for viewing and storage on either a CD-ROM or your computer. Additionally, your images can be remitted to you with your monthly statements on a CD-ROM. Electronic Payment Solutions As companies look for ways to minimize costs and improve efficiencies, electronic payments are now common practice. Consider these solutions to help streamline your own payables, payroll and receivables process. Automated Clearing House (ACH) Services - This service allows you to originate and receive ACH transactions. These cover a lot more than just payroll payments. They can be used to pay any accounts receivable, recurring payments such as; utility bills, taxes, insurance payments, transfer balances, and the countless other costs of doing business for which checks are issued. They are also used to collect accounts receivables due to your company, both repetitive and non repetitive. Wire Transfer - When speed is essential, wire transfer facilitates the same-day transfer of funds. Initiate one-time or recurring domestic or international wire transfers online, over the phone, or at one of our many branches. Commercial Card Services - For corporate procurement or travel and entertainment expenses, First Independence offers comprehensive commercial card programs to help you manage reports, and integrate these expenses into your accounts payable system. Payroll Solutions Processing payroll can be one of your most cumbersome payment activities. Using our electronic payroll solutions can help decrease the time required for your staff to prepare, distribute, and reconcile these routine payments. Options include: Direct Deposit - Deposit employee pay directly into their checking or savings account eliminating the need to mail checks to local or remote employees. Payroll Card - For employees who do not have a bank account or are infrequently paid, consider our payroll card (Pay Card) services. Have questions, We’re available to serve you. Contact us at 313.256.8439, or email rhondapugh@firstindependence.com to request information.

Treasury Management Solutions

Payables