Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Cash Management for Your Business


Money management is critical for any business. One of the people who helps make that happen is Wendy Hales, Senior Vice President of the Cash Management Division at First Bank.

We chatted with Wendy to learn more about how cash management works, why it’s so important, and the best ways for businesses to work with their bank.

What does cash management mean and why is it so important?

The term can be confusing. For example, one service we offer, credit card processing, known as merchant services, actually falls under cash management.

A better title for what I do is “business specialist.” We help our business clients operate efficiently and with all of the ways money moves through a business, from collecting payments, rent, or HOA dues to payroll processing or making payments to other businesses.

Better cash management enables our clients to make remote deposits from their offices, map the movement of their money into their own systems, and remain protected from fraud.

What cash management tips would you give a new business?

Work with your banker from the very beginning.  If your banker understands who you are and what you’re trying to accomplish, they can provide helpful solutions to get you started on the right track.

What is special to you about First Bank?

I always try to ask our clients how we can make their jobs easier. We are very customer oriented and don’t offer cookie-cutter products, customizing solutions for each client’s challenges and approaching every client with a can-do attitude.

We do quarterly or semi-annual reviews for some clients—and we look for ways to save them money even when they don’t ask us to.

I’ve been at First Bank for 15 years, and I’ve never been more excited or proud to be a part of the team. We have tremendous energy and a leadership team that is taking us in a great direction.

Want to talk to a member of Wendy’s team about your cash management needs? Contact a banker at First Bank and we’ll set up a consultation. We look forward to providing you with the excellent, flexible service that makes Wendy proud to work at First Bank. 

[find_a_branch_button]

Trending Topics

Compare Checking Accounts at North Carolina Banks

You’re likely already aware of the importance of performing a checking account comparison before making a final decision. It can be difficult to navigate the many options and select the…

List of Banks Headquartered in North Carolina

The fact that North Carolina is home to a large number of banks might surprise you. Over the years, the Tar Heel state has become a hub for banking, but…

6 Steps to Starting a Small Business in North Carolina

First, you had an idea for a small business. Now, you want to set that idea in motion. If you are looking to start a small business in North Carolina,…

Where To Get 20 Year Mortgage Rates

When you’re ready to buy a house, it’s easy to get caught up in all of the excitement of shopping and forget about the financial part. Once you’ve found the…

Best Savings Account Rates – Wilmington, NC

From the historic mile-long Riverwalk to the miles of pristine beaches, Wilmington, NC, has many things to offer. You may be planning to attend college, buy a house, or even…

What Are 15 Year Mortgage Rates?

What are 15-year mortgage rates? It seems like a long time doesn’t it? But when you really think about it, 15 years is nothing. Think of all the things you’ve…

Find Small Business Loans in South Carolina

It can be hard finding the right small business loans in South Carolina, especially when you're looking for a new bank. At First Bank, we're have six convenient locations across South…

High Interest Checking Accounts In Albemarle, NC

It was not far from Albemarle, NC where in 1799 the 17-pound hunk of gold was found that sparked America’s first gold rush. While you may not strike it rich…

Banks Near Me

When you are trying to find banks near you, there are many options. With so many choices, it can be hard to be sure you’re choosing the right bank for…

Small Business Loans for Women in South Carolina

First Bank in South Carolina is dedicated to helping women entrepreneurs get their businesses up and running. That is why we offer a variety of small business loans with competitive…