Electronic Payment Solutions

As companies look for ways to minimize costs and improve efficiency, 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.  Some day and time restrictions may apply.  Contact your banking representative for details.  Initiate one-time or recurring domestic or international wire transfers at any one of our branches.

Have questions? We’re available to serve you. Contact a treasury management team member today (313) 256-8400, or Email Us to request information.

Business Accounts

Click here for a list of what is required to open a business account with FIB.