Cash Management

Collecting Funds

Get the payments you're owed, faster

Are slow-paying customers costing you money? Are you processing, handling and posting high volume consumer billings? Do you have a select clientele making corporate payments? Get money into your account quickly and efficiently with services that collect, process and deposit funds to your accounts so you can get the payments you're owed faster.

Merchant Bankcard Services

Accept credit and debit card payments. When you offer point-of-sale terminals, money from sales is electronically transferred to your account, saving you check and cash handling fees.

Learn More About Merchant Bankcard Services »

Remote Deposit Capture

With a portable scanner and an Internet connection, you can make your next deposit from the comfort of your office, instead of making a trip to the bank. With Deposit Advantage, your business can scan checks and transmit the digital images to First National for credit to your account. Features:

  • Make deposits any time, day or night (deposits after 8pm post the next business day)
  • Reduce risk of lost checks and stolen or lost deposits
  • Reduce dependence on a transportation system that can be affected by weather and other delays
  • Get support from Alaskans with local experience and know-how
  • Download software for all scanners, and additional software for ranger scanners

Note that all checks deposited using remote deposit capture must be endorsed "For Remote Deposit Only."

Watch a Demonstration to Learn More »

Lockbox Services

Incoming payments are mailed to a specific post office box, picked up by the bank and processed each day, which cuts down on float time. View lockbox payments, reports and correspondence through an online portal. Retail lockbox services include electronic delivery of payment data, so you don't have to manually post to your internal accounts.

Electronic Lockbox

Accelerate the collection of payments with First National's customized lockbox solution designed specifically for your business needs.

Wire Transfers

Move funds electronically. Using wire transfer services allows your customers to wire funds directly and immediately into your account.

Automated Clearinghouse (ACH) Debit Origination

Move funds electronically from an account at any financial institution into your First National account. Use this service to receive direct recurring payments from customers or consolidate funds from your accounts at other banks.

BusinessManager

Take advantage of money owed you before it comes in. First National will buy your receivables, giving you cash up front to take care of immediate needs like payroll and inventory.

Night Depositories

Drop boxes at 29 branch locations across Alaska let you deposit funds 24 hours a day, seven days a week. Deposits are processed the next banking day.

 

Using Funds

Make your money work for you

The key to increasing your earning potential is using your money effectively while you have it. To do that, you need as much information as possible about your accounts. The more information you have, the more money you can save. Monitor your funds and make them work for you with efficient strategies that maximize your profits.

Zero Balance Accounts (ZBAs)

Automatically consolidate funds from several accounts into one account to save you time and effort. Money from ZBAs is electronically transferred to a "concentration" account at the end of each day, leaving a zero balance. Check payments are drawn from the concentration account. You don't worry about being overdrawn.

Repurchase Agreements

If the sum of your non-interest bearing checking account balances is $100,000 or more, you can earn a higher return than standard money market rates on that total balance. Collected balances are swept from accounts overnight and used to purchase securities the bank promises to buy back at a set rate the following day. Daily transactions are automatic and don't require you to take action.

Account Reconciliation

Pull your account data through online banking to import to your accounting software to automate account reconciliation.

Account Analysis

The more you know about your accounts, the more money you save. We'll track your monthly balances and activities and figure your total cost of services. Collected balances earn you credit which is used to offset the cost of the account and potentially of other related accounts. Detailed reports help you manage your funds more efficiently and identify the balance levels you need to maintain in order to offset bank charges. This is a service for accounts with high volumes and businesses that take advantage of the specialized cash management services of the bank.

Auxiliary Sub-Accounts

If your business regularly receives deposits from certain multiple sources or areas, this automated account system makes it easy to track deposits by location or purpose. Specially coded deposit slips allow all deposits to go into one account and give you itemized information for better account control.

Trust Services

Invest $100,000 or more in investment accounts under the guidance of our experienced trust agents. Several options allow you to have as much or as little daily control over investment decisions to match your strategies. Securities recommended or acquired in any fiduciary account administered by the Trust Department of First National Bank are not FDIC insured, and may invoke investment risk, including the possible loss of capital. Such securities are not obligations of First National Bank and are not guaranteed by First National Bank.

 

Disbursing Funds

Timely payments save money

Timely payments to your employees and to your vendors can save your business money. Make the most of early payment discounts, avoid late fees, and rest assured your employees will receive their paychecks on time. When you spend more efficiently and take advantage of discounts for prompt payment, you save money.

Positive Pay

Reduce risk of fraudulent activity with Positive Pay, a tool that allows businesses to submit check files for review to confirm that only those checks issued are paid.

Direct Deposit

Reduce the cost of producing, distributing and reconciling checks for each payroll by directly depositing payroll funds into employees' accounts on payday morning, regardless of where they bank.

Automated Clearinghouse (ACH) Credit Origination

Cut your payment processing time and save money by using the ACH system. Transfer funds electronically between accounts at First National or almost any financial institution in the country. Use this service to make direct recurring payments for federal taxes and to vendors, even if they use another bank.

Outgoing Wire Transfers

Electronically directed to a designated payment account immediately. Allows you to maximize earnings on your available balances and pay your bills and other expenses promptly.

Corporate Mastercard®

First National Bank's Corporate Mastercard gives you greater flexibility by controlling the parameters of individual cardholder accounts. You may authorize individual employees to use the card for specific purposes like travel, equipment or entertaining clients. You may restrict where the card is used and how much credit to extend to each account. Tracking business expenses is a snap with the more than 160 reports available.

Procurement Bankcard Services

Use this business credit card when you buy for your business to have the flexibility to take advantage of sales and discounts while you're waiting for cash to come in. It's an easier way to pay when your purchase is being made over the phone or the Internet. Monthly transaction reports help you monitor spending and track tax deductible expenses.

First National Bank BusinessCard Debit Card

Enjoy the convenience of a credit card without monthly payments or finance charges when you debit your business checking account. Use the First National Bank BusinessCard debit card for your everyday business purchases and receive an itemized record of purchases and ATM transactions, including date, amount, and location where the card was used, all on your monthly business checking statement. No need to use petty cash in your business. With the business debit card, you keep personal and business funds separate. And you can control employee spending by getting additional cards with pre-set spending limits for your employees. The card is accepted anywhere displaying the Mastercard sign — that's more than 34 million locations around the world.

Investment Risk

Repurchase agreements administered by First National Bank Alaska are not FDIC insured and may involve investment risk, including possible loss of capital. Such securities are not obligations of First National Bank Alaska and are not guaranteed by First National Bank Alaska.