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Business Account Benefits & Services
Receive the below benefits and
services when you open a Business Checking Account
with First South Bank.
Business Loans and Lines
First South Bank provides many different loan
plans to businesses and individuals for the purpose
of purchasing a business, equipment for the business,
or anything pertaining to the business. For more
information on Commercial
Lending.
Cash Management Banking
First South Bank's Cash Management Banking is
available to business customers who wish to access
account balances and prepare reports that enable
them to manage their cash flows. As a business
owner, you can easily do the following:
- Originate electronic debits and credits
as needed to pay recurring bills.
- Collect payments due.
- Originate payroll deposits for your
employees.
- For More Details about Cash
Management.
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Merchant Card Services
First South Bank provides our business checking
customers with Merchant Credit Card Services.
Merchant services allow a business customer to
accept and process sales charged to a credit card.
This gives the business owner more flexibility
and payment options to offer to their customers.
It also increases the likelihood of prompt payment
and decreases the vulnerability of the business
owner to fraud.
Other Advantages include:
- Quick turnaround for sales.
- Collections handled by credit card
corporations.
- Detailed lists of changes provided
for better record keeping.
- Electronic draft capture allows funds
to be automatically deposited into your
checking account.
- Increase marketability of your business
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Electronic Tax Payment
First South Bank offers several services that
allow you to pay your federal, state, or local
taxes electronically. Each is compliant with federal,
state and local program requirements and uses
the latest technology to ensure your tax payments
are processed securely. You control the timing
of your payments and there is no disclosure of
your banking information to the receiving tax
agency.
Equipment Leasing
Leasing may be a better solution for your business
than traditional financing. We can help you determine
your best option and structure a lease to fit
your situation. Check out First
South Bank Leasing.
Prime Line of Credit
Protect your company from occasional overdrafts
with a business Prime Line of Credit. Lines of
credit are available from $5,000 to $25,000 (subject
to credit approval).
Business
Online Banking and Bill Payment
Save time and increase your business efficiency
by taking advantage of Online Banking and Bill
Payment.
Some features include:
- Account Reconciliation
- Positive Pay
- ACH Generation of Payroll Deposits
- Online Account Balances and Transfers
- Online Wire Transfers
- Stop Payments
- Check Re-order
- Online Account History
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To Sign Up:
Business Online Relationship Banking
Washington Area: 252-940-5030
Toll Free: 1-888-993-7664
8:15 a.m. until 5:15 p.m. Monday through Friday
E-mail us at: onlinesupport@firstsouthnc.com
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