Regular Business Checking
- $100 minimum deposit to open account
- Minimum balance of $2,500 or a $10.00 service fee applies
- First 50 items deposited are free and each additional item is $.05 per month
- First 25 checks paid are free and each additional item is $.10 per month
- Perfect for small businesses with low volume transactions
- Eligible Entities include Sole Proprietorships, Partnerships, Corporations, LLCs, DBAs, and Governmental Agencies
- Eligible Entities:
- All Business Entities
- Ideal For:
- Low Volume and Small Business
Non-Profit Checking
- $100 minimum deposit to open account
- Minimum balance of $500 or a $10.00 service fee applies
- First 50 items deposited are free and each additional item is $.05 per month
- First 25 checks paid are free and each additional item is $.10 per month
- Perfect for small businesses with low volume transactions
- Eligible Entities include Not-for-Profit organizations
- Eligible Entities:
- Non Profit Organizations: charitable, clubs, civic organizations, educational, tragedy, or similar purpose
- Ideal For:
- Not for Profit Business
NOW Business Checking
- $100 minimum deposit to open account
- Minimum balance of $5,000 or a $10.00 service fee applies
- First 50 items deposited are free and each additional item is $.05 per month
- First 25 checks paid are free and each additional item is $.10 per month
- Ideal for growing companies with a few large deposits and a moderate amount of checks
- Eligible Entities include Sole Proprietorships, Not-For-Profit, DBAs, and Governmental Agencies
- Eligible Entities:
- Sole Proprietorships, Not for Profit, Governmental Agencies
Super First Checking
- $100 minimum deposit to open account
- Minimum balance of $2,500 or a $10.00 service fee applies
- Earn interest on daily collected balances
- This account offers tiered rates, so the higher the balances, the higher the interest rate
- Eligible Entities:
- Sole Proprietorships, Not for Profit, Governmental Agencies, LLC, Corporations & Partnerships
- Ideal For:
- Extra Low Volume & Large Balances
Regular Business Savings
- $100 minimum deposit to open account
- Minimum balance of $1,000 or a $0.50 per withdrawal in excess of 12/year will apply
- Competitive variable rate of interest
- Interest is paid semi-annually on June 30 and December 31
- Statement is mailed annually at the end of the year
First Premium Savings
- $100 minimum deposit to open account
- Minimum balance of $1,500 or a $7.50 service fee applies
- Interest bearing according to balance on deposit
Control. Convenience. Security. Online Business Banking/Cash Management is a secure, web-based suite of banking products that employs the latest technology to allow you to spend more time focusing on the growth of your business and less time on the paperwork and trips to the bank.
We offer a sophisticated set of online tools that can be customized to suit any business, ensuring your cash balances are constantly working hard for you. Instant transaction originations, customized reports, automatic balance alerts and fraud control are just a few of the features that will give you an unprecedented level of control, convenience and security!
Features included but are not limited to:
- Account Balance Reporting
- Transaction Detail
- Balance Alerts
- On-screen Check Images
- Account-to-Account Transfers
- Online Services (research requests & secure e-mail)
- Stop Payment Request
- ACH Origination
- Wire Transfer
Merchant Capture
Scan. Verify. Submit. Merchant Capture is an innovative and convenient solution that allows you to make daily or routine non cash deposits without ever leaving your place of business! This is done by scanning a check and transmitting its image through a secure network to the bank. Merchant Capture allows faster access to deposited funds and simplifies the entire deposit process which ultimately increases profitability!
Your deposit process will be simplified into three easy steps:
- Scan the checks using a check scanner
- Verify and edit deposit if necessary
- Submit deposit through our secure network
What do you need to get started? A PC and an internet connection. A check scanner is also required which is available through us upon approval. You submit your deposit through our secure network and we handle all the behind the scenes check processing.
Experience the Benefits of Merchant Capture
Merchant Capture allows your business to more efficiently manage check receivables.
Have Access to Funds Faster:
- Decrease the check processing period
- Extend daily deposit deadline
- Make deposits daily or as checks come into the business
Organize Your Finances:
- Eliminate manual deposit preparation
- Consolidate deposits from multiple locations into one centralized account
Gain More Time to Focus on Managing Your Business:
- Make deposits 24 hours a day, seven days a week
- Reduce or eliminate trips to the bank
- Eliminate time consuming data entry
Positive Pay
Your defense from Check Fraud! Positive Pay is an automated fraud detection tool offered for your protection. This service matches the account number, check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued by your business.
When all three components of the check do not match exactly you will be contacted by a First National Bank of Pana representative.
- Sophisticated defense against check frauds and losses
- Provides multiple layers of security
- Errors are detected prior to month-end, which will improve your account reconciliation process
An easy way to organize your Business Finances! First National Bank is proud to offer Web Connect to download account information into Intuit’s QuickBooks small business software versions 2005 – 2009, which gives you the power to manage your business more effectively.
Web Connect Quickbooks export through the First National Bank’s Online Banking allows many benefits including but not limited to the following:
- No manual data entry – Once you’re set up, you can download all of your transactions right into QuickBooks – instead of typing them in by hand.
- Automatically reconcile data – Web Connect data includes complete transaction and balance information to make categorization and account reconciliation easy.
- No duplicate transactions – Web Connect incorporates a special transaction matching algorithm that prevents the download of duplicate transactions.
In addition to offering Web Connect to download account information into Intuit’s QuickBooks we offer the ability to download account information into Quicken versions 2006 and earlier, as well as Microsoft Money.
Please be advised Quicken downloads are NOT compatible with versions 2007-to present. Also, after suspending their annual updates of Microsoft Money in 2008, Microsoft ended sales of Microsoft Money on June 30, 2009 and will no longer be producing or providing updates to the product. However, with the newest version you will be able to use the service until January 31, 2011. As you explore your options for replacement of Microsoft Money, please be reminded for your convenience we offer a user friendly alternative, Web Connect, which supports Intuit’s personal and business software QuickBooks.
QuickBooks is a registered trademarks of Intuit Inc. in the United States and other countries.
