FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Online Banking is vital in today’s world, and our business customers need a solution that meets their needs and is simple to use. F&M Bank is proud to introduce Commercial Online Banking as a solution for our business customers.
Whether you have a small business with only two employees or an enterprise-sized organization with multiple users, Commercial Online Banking is the solution for you. Our intuitive design looks nearly identical to our existing consumer online banking solution with plenty of added features.
$5.00 a month – That is all it takes to gain access to Commercial Online Banking. That’s a very simple investment that can pay for itself many times over!
Some of the added features with Commercial Online Banking include:
Everything you can do currently within Consumer & SMB Online Banking is included with Commercial Online Banking, including:
* – Additional Fees May Apply
** – Mobile Deposit is not available for any Commercial Online Banking customers enrolled in Remote Deposit Capture
Business Email Compromise is one of the fastest growing forms of cyber-attacks against businesses. Your email inbox is a treasure trove for any would-be attackers. By leveraging F&M Commercial Online Banking, you can securely communicate with other online banking users in your organization, including sending sensitive information such as statements or receipts. Your communications are kept secure within your organization and out of the hands of fraudsters!
Business Bill Pay comes default with all Commercial Online Banking profiles. Unlike the consumer solution, you have enhanced limits so you can set up more payments needed to keep your business running. You still have the ability to “Pay a Person” or “Pay a Company”, however you now have the option to pay companies using routing and account information if you have this.
For our customers leveraging “Two Signatures Required” accounts, you also have the added option of enabling Dual Verification for Bill Pay. With this functionality, one user in your organization establishes a payment and a second user is needed to approve the payment before it is allowed to transmit. This security feature is key for checks and balances.
Another added feature includes Shared Payees. With the consumer solution, every profile has to set up their payees individually for bill pay. With Commercial Online Banking, once a payee is added, all users in the organization have access to that same payee and can also set up payments as needed.
For our customers leveraging our Positive Pay solution, any check payments initiated from within Business Bill Pay are automatically added to your issued item listing. This reduces the effort needed to post payments and maintain your layer of protection against fraud!
With the ability to make one-time payments or recurring payments, Business Bill Pay is a powerful tool that businesses can utilize to centralize their accounts payable from a single payment platform.
Traditional consumer online banking only allows one user. While this may be fine for some small businesses, as your business continues to grow, you need to have a way for multiple users to access your information.
Commercial Online Banking allows admin users within a company to create, modify, and delete users as they desire. When you are established with Commercial Online Banking, you will designate who you want to be the admin user. We will set up this admin user in advance with all the permissions needed to create, modify, and delete users.
In addition, you can create custom permissions for each user. By default, there are options for creating additional admins (who also share the ability to create, modify, and delete users), creating standard users, and creating read-only profiles (commonly seen used with accountants who need to be able to see information without the ability to modify anything). These permissions are completely customizable, giving you control over what each user in your organization can do.
Take back control and create your users with the permissions they need to keep your business running!
Utilizing Autobooks built-in to Commercial Online Banking, you gain access to several features that may simplify your online presence for your business!
With Invoices, you have the ability to create a professional looking invoice that you can send to your clients within seconds. Whether it’s a one-time payment or a recurring payment, invoicing allows you to win back your time, accept credit card or ACH payments, track who has paid and who hasn’t at a glance, automatic reminders, receipts, and establish late fees or service charges. You can customize your invoices with your branding and logo to make every communication with your customer look official.
With Estimates, you can close deals faster with everyone on the same page. Automatically calculate a total price based on your line items, never lose track of your estimates, and easily convert estimates to invoices and get paid faster.
With Customers, you can always know who’s paid and who still owes. Add, edit, and save all your customers in one place. View every customer’s balance at a glance and easily save customer information when you build their first invoice. You can even import a customer list to save time!
With Products/Services, you can save a list to make invoicing effortless. Simply select from saved products when building an invoice and get paid in full with our price-adjusting fee calculator. You can also configure products to automatically include sales tax!
With Checkout Pages, you can sell products, services, events, memberships, and more! Spend time managing your business, not building websites and integrating with third party apps. Create your Checkout Page in minutes to start getting paid today. Personalize your page to capture the specific details your business needs from your customers. Share your Checkout Pages anywhere! You can use text, email, social media, or even print with QR codes!
Accept payments with multiple ways to pay! You can enter a customer’s payment details to accept a payment at any time. You can also generate a payment link and send it to your customers to accept credit card or ACH payments. You can download your high resolution QR code to print, use on stickers, add to pamphlets, or display anywhere you would like to accept payments. You can also update your Payment Link to take donations or contributions from your patrons instead of payments.
Track your vendors and your vendor invoices from one centralized platform. Add in your vendors and their invoices and you can even generate checks to pay vendors as needed, all from one place!
* – Some features may incur additional fees, please contact us for more information
**This feature is currently being tested, please reach out to F&M Bank if you are interested in being a tester!**
With Tap2Local, you gain the ability to accept debit card payments on demand!
While some businesses utilize card readers or devices that connect to a cell phone, Tap2Local is a merchant processing solution that natively operates within online banking and mobile banking, no extra apps or equipment needed!
You can accept payments with Tap-2-Pay, you can text links so that customers can pay, or they can scan a QR code from their device to make a payment.
Autobooks is a great solution for back-office operations, but Tap2Local is a solution you can carry out into the field with an easy-to-use interface that anyone can utilize! You can create a product catalogue to rapidly add items for checkout. This solution is great for fundraisers, concession stands, mobile businesses, and more! With a competitive rate for the debit card processing industry, this solution is simple, lightweight, and capable of handling transactions quickly and easily!
Check fraud is a major threat to your business, and many businesses don’t realize you only have 24 hours to return a fraudulent check by traditional means. This fraud can result in losses to your business and force you to open new checking accounts and contact all your vendors with updated account information. As a business owner, this can be tedious and difficult.
Positive Pay is the solution that protects your business against losses and keeps you running with minimal impact. With Positive Pay, you will be able to upload through online banking using individual or bulk files containing information on your issued checks, such as:
Every item that clears the bank is checked against this list. If an item attempts to post to your account that does not match, you will receive a notification and be given an opportunity to pay or return the item at the click of a button, accessible through both traditional web-based online banking and through our F&M Mobile+ app.
We put the control back in your hands so that you can protect your business against check fraud.
Positive Pay is a service offered as an add-on to Commercial Online Banking for $40.00 per month.
Remote Deposit Capture allows you to make check deposits electronically from any desktop. All you need is a small desktop scanner, a PC, an internet connection, and our Remote Deposit Capture software! RDC scans the paper checks and electronically deposits them directly into your account. It automates the process of creating deposit tickets and reduces the time and costs associated with transporting deposits.
Does your business…
If you answered YES to any of those, Remote Deposit Capture might be just for you! Key advantages include:
Remote Deposit Capture is a service offered as an add-on to Commercial Online Banking.
RDC Base Monthly Fee – $10.00
Monthly Scanner Fee – Choose the option that works best for your business
Need help choosing a scanner? – We have a list of supported models available, just let us know!
*Subject to Approval*