ELECTRONIC BANKING OFFERS WEAVER BROS., INC. COST SAVINGS, GREATER CONVENIENCE AND MORE FLEXIBILITY
Similar to most businesses, Weaver Bros., Inc.’s need for certain banking services has changed significantly through the years.
When the Doyle family took ownership of the transportation company decades ago, Jim Doyle Sr. and
Jimmy Doyle worked with First National Bank Alaska experts to help finance needed equipment and infrastructure. Today, with trucks running regularly and company buildings long constructed, their banking needs revolve more around accounts receivable and payable between customers, the business and its employees.
“Electronic banking is so helpful for managing cash flow,” Jimmy Doyle said. “Direct deposit payroll offers more convenience for our employees and our business.”
According to published reports, three out of four working employees in the United States are paid by direct deposit.
Here are some examples of the ways direct deposit can help your business:
• Reduce costs associated with re-issuing lost or stolen checks and, stop payment charges.
• Reduce time spent manually preparing checks.
• Employees no longer have to be present to receive their check or visit a bank to have it deposited or cashed.
• Employees can direct funds to go to a retirement savings plan, a checking or savings account and even split between multiple accounts. Bills can be paid immediately online as soon as the deposit is made.
• Paperless payroll systems are environmentally friendly, reducing a company’s carbon footprint.
• Lost or stolen checks are a common source for identify theft, but with electronic deposits, an employee’s personal information is more secure.Visit FNBAlaska.com/business-solutions or call 907-777-4362/1-800-856-4362 today to put electronic banking services to work for your business.
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The articles and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest you consult your attorney, accountant, financial or tax adviser with regard to your individual situation. Entire publication. For publication information, call (907) 777-3409.