Business Banking Services

Small Business Checking | Commercial Analysis Checking | Commercial SNOW Checking | Commercial Premier Money Market | Commercial Statement Savings Account | Not for Profit Organizational Commercial Checking | SERVICES | BUSINESS LENDING

Small Business Checking

Design

Our Small Business Checking Account is designed for small businesses with limited transaction activity. This account is simple and easy to manage.

Features

No minimum balance required.

• $5 monthly account handling fee.
• Access to 24 / 7 Business Online Banking - no additional charge.
• Access to 24 / 7 First Fone Telephone Banking - no additional charge.
• Visa Business Check Card(s) with rewards - no additional charge.

Transaction Fees

First 100 combined checks, deposits, and deposited items per month; no charge. Each check written, deposit, and deposited items exceeding 100 per month are .30 each.

Statement Options

Statement includes imaged checks. Option to receive cancelled checks returned with statement available for an additional $3 per statement.

Commercial Analysis Checking

Design

The Commercial Analysis Checking Account is designed for businesses that have a higher volume of checking activity or wish to use funds on deposit to offset some or all of their monthly activity fees. Commercial Analysis Checking applies a reasonable fee based on the exact level of account activity; this fee is reduced based upon the amount of average collected balances maintained in the account. This credit back is called an Earnings Credit and explained below.

Features

No minimum balance required.

• $5 monthly account handling fee.
• Access to 24 / 7 Business Online Banking - no additional charge.
• Access to 24 / 7 First Fone Telephone Banking - no additional charge.
• Visa Business Check Card(s) with rewards - no additional charge.

Transaction Fees

Earnings Credit

Variable. Base earnings credit indexed to the 3 month current maturity Treasury to be changed monthly. This earnings credit can be used to offset most other miscellaneous bank fees.

Statement Options

Statement includes imaged checks. Option to receive cancelled checks returned with statement available for an additional $3 per statement.

Commercial SNOW Checking

Design

Higher Balance Commercial Checking Account consumers will get the most from the SNOW account. It combines unlimited check writing with interest being earned and paid on all balances. This high performance account is built with three interest rate tiers to provide you the maximum return on your balances. . Statements are prepared and mailed monthly with check images. Federal regulations prohibit us from offering this account to corporations

Features

Minimum balance of $5000 required to avoid a monthly $10 account handling charge.
Interest is compounded daily and paid monthly. Closing the account prior to interest posting will result in a forfeiture of all interest earned for that month.

• Access to 24 / 7 Business Online Banking - no additional charge.
• Access to 24 / 7 First Fone Telephone Banking - no additional charge.
  
• Visa Business Check Card(s) with rewards - no additional charge.

Transaction Fees

Statement Options

Statement includes imaged checks. Option to receive cancelled checks returned with statement available for an additional $3 per statement.

Commercial Premier Money Market

Design

Earn a premium money market rate on all your account balances and enjoy the convenience of easy access to your account with our Commercial Premier Money Market Deposit Account. Your funds can be accessed by writing convenient money market checks to third parties, in person with one of our friendly and helpful tellers, or via technology through one of our various electronic delivery channels. Top tier balances earn an interest rate comparable to the yield on the short term Treasury Securities on the open market, complete with FDIC insurance. With an innovative five tier rate structure, you are sure to earn maximum dollars with a high degree of access to your funds when needed. All five rate tiers reset monthly to assure you that your rate never becomes stagnant.

Features

Minimum balance of $10,000 required to avoid a monthly $10 account handling charge.
Interest is compounded daily and paid monthly. Closing the account prior to interest posting will result in a forfeiture of all interest earned for that month.

Six pre-authorized debit transfers per month are allowed. Of which, three may be made by check to third parties. There is no limit to the number of withdrawals or deposits made in person or by mail.

• Access to 24 / 7 Business Online Banking - no additional charge.
  
• Access to 24 / 7 First Fone Telephone Banking - no additional charge.
  

Transaction Fees

No activity charges for the first 20 processed items.

Statement Options

Statement includes imaged checks. Option to receive cancelled checks returned with statement available for an additional $3 per statement.

Commercial Statement Savings Account

Design

This is the perfect account for either the small start-up business or the larger commercial account that wishes to have funds in reserve in the event of an accidental overdraft. Because of its low cost and fairly positioned minimums to avoid a monthly account handling fee, the Commercial Statement Savings Account is ideal for low transaction volume businesses. As an owner of this account, you will enjoy unlimited transactions to your account in person.

Features

Minimum balance of $1000 required to avoid a monthly $5 account handling charge.

Interest is compounded daily and paid monthly. Closing the account prior to interest posting will result in a forfeiture of all interest earned for that month.

Six pre-authorized debit transfers per month are allowed. There is no limit to the number of withdrawals or deposits made in person or by mail.

• Access to 24 / 7 Business Online Banking - no additional charge.
  
• Access to 24 / 7 First Fone Telephone Banking - no additional charge.
  

Statement Options

A detailed statement is mailed to you at the end of each month that itemizes each transaction as well as includes any interest earned on the balances in the account.

Not for Profit Organizational Commercial Checking

Design

If your organization, group, or association has attained not for profit status as designated by IRS code 501 3(c), you are eligible for one of the best commercial accounts in the area. The First National Bank of McHenry offers these types of organizations an interest bearing commercial account with no minimum balances to maintain. We will pay a competitive interest rate on all balances on deposit in your account on a monthly basis while never being assessed a service charge.

Features

No monthly account handling fee

Interest is compounded daily and paid monthly. Closing the account prior to interest posting will result in a forfeiture of all interest earned for that month.

• Access to 24 / 7 Business Online Banking.
  
• Access to 24 / 7 First Fone Telephone Banking.
  

Statement Options

Statement includes imaged checks. Option to receive cancelled checks returned with statement available for an additional $3 per statement.

SERVICES

Business Online Banking

Business Online Banking is the most reliable and easiest solution to keep in constant contact with your businesses funds. Business Online Banking is designed for all sizes of business and offers multiple features that are fully customizable to work the way your business does. Real time balance information is critical to managing your businesses cash flow, and Business Online Banking provides you just that.

Features

• Statement Details – Accurate and reliable account information for all of your account relationships, including loans. Real-time balances provide you with up-to-the minute data that includes posted deposits, float calculations, paid checks, incoming electronic transfers, credit line advances, internal sweeps, access to copies of cancelled checks, and access to current and past account statements.
  
• Funds Management – Issue funds transfers internally and to other financial institutions, consolidate funds from other financial institutions, or inquire into funds transfers that have already been issued. Choose from a variety of Funds Management Options such as Payroll, ACH, Wire Transfers, and Federal Tax Payments to help you manage your cash flow more effectively.
  
• Stop Payments - Easily place stop payments online using Business Online Banking. Also check on the status of previously placed stop payments.
  
• Federal Tax Payment Solutions – After registering with the Electronic Federal Tax Payment System (EFTPS), Business Online Banking can be used to originate tax payments electronically. These include FICA taxes, income tax withheld, corporate income and estimated taxes, and various federal excise taxes.
  
• Payroll Solutions – Business Online Banking offers your business the capability to pay your employees electronically. Businesses with one to one thousand employees will benefit from this easy to use solution. Use either our software that creates NACHA formatted payroll entries, or use your own through our file import feature. Business Online Banking is very flexible. You will enjoy the ease at which your payroll entries will reconcile, while your employees will enjoy having their payroll automatically deposited into their accounts at any financial institution in the country.
  
  ACH Solutions – If you are a small business owner that collects recurring dollar amounts for your customers, Business Online Banking ACH Solutions are perfect for you. This feature allows you to collect payments electronically from individuals or companies on a recurring basis. Among the many uses include, but is certainly not limited to; utility bills, heath club memberships, video rental memberships, tanning salon memberships, lawn care and snow plowing services, contributions and donations, and tuition payments.
  
  Wire Transfer Solutions – Use Business Online Banking to originate domestic wire transfers right from your office. By providing us with the wire transfer routing information once, we can create a repetitive wire transfer template for you to use quickly and easily as often as you wish.
  
  Robust Security Features - Designed specifically for larger businesses with multiple users, Business Online Banking is fully customizable by you, giving you complete control over which employees have access to specific features and accounts. Security levels can be manipulated and adjusted by your businesses designated security administrator. State-of-the-art security tokens with passwords that change every 30 seconds are also issued to businesses that use Funds Management features.
  

First Fone – Telephone Banking

Can’t find an internet connection yet need to know account information instantly? Through First Fone—24 Hour Telephone Banking, your account information is readily and easily available. In the airport, on the road, on vacation, just find a telephone and balance information is not far away. Also, make transfers, check on deposits, and find out if checks were paid all by telephone. Just dial 888.750.3150 and information will be there when you need it. There is no additional cost for this service.

Merchant Credit Card Processing

Through an arrangement with NPC Card Services, we offer competitively priced merchant credit card services. Regardless of what you sell, your customers no doubt will enjoy the convenience of being able to pay with a Visa or Mastercard. Our program helps eliminate the risk of potentially accepting a bad check as well as saving you time by cutting out the tediousness of invoicing and collecting. Funds are usually deposited within 48 hours after the original sale is completed. When you enroll in our merchant program, you will receive the knowledge and expertise of the entire staff at NPC Card Services from everything from credit card equipment purchasing and reprogramming to the 24 hour help desk. Just ask one of our customer service representatives about Merchant Credit Card Services, and they will be sure our account manager at NPC Card Services contacts you to design the best possible merchant program for your business.

Visa Business Check Card with Rewards

Simple. Fast. Convenient. The Visa Business Check Card gives you the option to use money from your business checking account without writing a check. You can pay for most expenses such as office supplies, materials, travel and entertainment, and invoices with your Visa Business Check Card. All Visa Business Check Cards are also eligible to participate in the Visa Extras Reward Program in which qualifying purchases earn 1 point for every 1 dollar spent.
Visa Extras – You can earn points towards rewards with the Visa Business Check Card from First National Bank of McHenry. Just enroll in Visa Extras and you’ll earn reward points every time you sign for or make a qualifying purchase* with your enrolled Visa Business Check Card. There is no fee for the value added benefit. Collect points for qualifying business purchases you make every day, such as buying office supplies or making online and catalog purchases. Then, redeem your points for rewards, including retail and travel rewards, office products and more. All points are good for 36 months from the date they are posted to your account. Once enrolled, you can track and redeem points online of by phone. To review the current selection of rewards, please visit www.visa.com/extras-business.

• Enroll your Visa Business Check Card in Visa Extras by going to www.visa.com/extras-business or by calling 800.960.8472.
  
• Sign for your qualifying purchases* and earn points. Press “credit” on keypads or ask to sign for purchases.
  
• Redeem your points for rewards. Choose from a broad range of rewards from leading merchants.
  

* A “Qualifying Purchase” is any signature-based purchase, Internet purchase, phone or mail order purchase, or automatic bill payment made with an enrolled Visa card. You must sign for all in-store purchases you make with an enrolled Visa card in order for such purchases to be deemed Qualifying Purchases; do not use a Personal Identification Number (PIN) when paying for your purchases with your enrolled Visa card if you want to earn points for such purchases. PIN-based purchases, payments of existing card balances, balance transfers, cash advances, ATM transactions, convenience checks, Interlink-processed transactions, fees charged by us, or payments made for items that can be readily converted to cash (for example, Visa gift cards, travelers checks, money orders, wire transfers, and similar products or services) are not Qualifying Purchases.

Bill Payment Solutions

The perfect tool for the small business. Use our Bill Payment solution, Business Bill Pay-e Plus, to schedule and make payments through our secure website service. Use the reports feature to budget and track expenses with ease. Business Bill Pay-e Plus can have all of your monthly supplier invoices paid in one internet sitting, allowing you to do what you do best – run your business.

BUSINESS LENDING

First National Bank has the expertise and specialization to meet the commercial lending needs of our business clients. Our dedicated Commercial Lending staff works closely with our business owners to develop the best possible financing solution. We are committed to the growth and prosperity of business in the communities we serve. We work with corporations, partnerships, small businesses, churches and community organizations on a daily basis. Small business owners can feel confident that First National Bank will gladly and professionally handle their loan requests.

Real Estate Lending

Real Estate Lending is a specialty at First National Bank. As one of the few banks in the area that offers long term, fixed rate financing on commercial property, you’ll quickly learn of our dedication to developing a solid understanding of each opportunity and to work with customers to structure financing solutions that are both innovative and competitive. See us about obtaining a real estate loan for the purchase, construction, development, renovation, or refinancing of a business building or property.

Lines of Credit

A revolving line of credit is the essential tool for your business. Use it to manage cash flow to provide working capital to fund your day-to-day operations such as short-term needs like inventory, accounts receivable, or other seasonal needs. You may borrow, repay and borrow again up to your credit limit and without a set schedule. You may even tie your line of credit to a business checking account and create a zero balance account that maximizes cash flow while minimizing interest payments at the same time.

Term Loans

Your business can use a secured loan to finance fixed assets other than real estate. This may include equipment, vehicles, and furniture. It also offers a flexible payment schedule. The term of the loan depends on the life of the asset you are financing. It is a means for your business to obtain fixed assets without straining cash flow.