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. Below, we dig into 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 our cash management or Treasury Services team is “business specialists.” 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 or their team to deposit remotely in the field, 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. Our goal is to make your job 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.

Contact a banker at First Bank and we’ll set up a consultation. We look forward to providing you with the excellent, flexible service to meet your business needs and growth goals.

Trending Topics

Need Online Payroll Services Nearby? Trust Your Local First Bank

Going green isn’t only good for the environment. If you’re a business owner, turning your business into an eco-friendly venture could help you save money and attract more customers. By cutting costs in certain...

High Yield Savings Accounts in South Carolina

It’s no secret that travel can make you happier, but did you know that it can also improve your social skills, help you accomplish goals, make you more patient, and improve the quality of your relationships? If...

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 Carolina to provide...

Where Can I Get a Personal Loan? – Think First Bank of Asheboro, NC

If you’re looking to get a personal loan in Asheboro, North Carolina, be sure to visit First Bank. Whether you’re looking to finance a wedding or put a down payment on a house, First Bank has a variety of...

Savings Account with Competitive Interest Rates – High Point, NC

Whether you are a student looking to save for books and pizza, or an adult planning for retirement, First Bank can provide you with a savings account. Interest rates on all of our accounts can vary, but you can be sure...

Best Stress-Free Checking Accounts in Jacksonville, NC

A bank’s objective is to relieve you of the stress associated with managing your money. But sometimes, people can feel like their bank is only adding more stress by making customers jump through hoops just to keep...

Rental Property Mortgage Rates – Jacksonville, NC

Rental property mortgage rates can vary from bank to bank. In order to be sure you are getting the best rates possible, it is important to use a bank you trust. First Bank in Jacksonville, NC offers some of the best rental...

How To Get A Small Business Loan

If you are an entrepreneur ready to start your own business, or a seasoned small business owner looking to expand, you may need to know how to get a small business loan. Acquiring the funds to start or grow your small...

Best Savings Account for Kids – Asheville, NC

If you have kids, one of the most valuable lessons you could teach them is the value of a dollar. But just like anything else, you don’t want to settle for just any old savings account. You want the best savings...

Best Business Checking Account in South Carolina

If you’re planning to open a business in South Carolina, you will need a business checking account. If you already own a business but are looking to switch banks, you’ll want the best business checking account....