DirectConnect is a comprehensive Treasury Management service offered by F&M Bank. DirectConnect provides you an electronic window to banking services through your personal computer, whether it
is located at your office or your home. This system offers the advantage of being connected on-line, in real-time, allowing you to observe the current day's activity of your account.
Upon enrolling in DirectConnect, you will have the power to increase earnings on your available cash, reduce the administrative time required to check balances, transfer funds between accounts, reconcile your depository accounts, initiate stop payments and wire transfers, as well as initiate Automated Clearing House (ACH) transactions. In addition, commercial loan advances and payments can be made through DirectConnect.
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Account Information
Retrieve account balances and the history of all debits and credits - by account, by date paid or by transaction amount. You can determine if a particular check has cleared, the availability of funds, and be apprised of the exact status of each account.
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Current "real-time" Information
Current "real-time" information is available on Zero Balance Accounts (ZBAs), deposits in a Cash Concentration Account or a Cash Investment Account, as well as access to your daily lockbox receipts.
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Stop Payments
You can initiate, review or delete stop payment requests.
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Account Transfers
You can initiate intra-bank transfers between accounts to maximize investment income as well as ensure that your funds are in the proper accounts to meet target or to fund loan requirements.
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Automated Account Reconciliation
eCorp DirecConnect allows you to retrieve a file of posted debits and credits for importing to your check reconciliation system. This relieves you of the effort of matching each check and deposit by hand.
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Wire Transfers
Initiate wire transfers of funds directly through DirectConnect. Information on repetitive wires is automatically retrieved and funds are wired for same-day credit.
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Automatic Clearing House (ACH)
Develop ACH transaction files and export them directly to the Bank for processing via DirectConnect. Direct payroll deposits or regular payments may be initiated and processed without issuing checks. All ACH transactions are processed on your specified settlement date.
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Account Statements
Receive an up-to-date statement of your account at any time that you wish to download the information to your printer or to a spreadsheet program.
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Loan Payments
Transfer funds directly from a depository account to make a payment on your commercial loan and avoid the need for writing a check. In addition, you may make unscheduled payments to your principal balance on your loan or revolving line of credit any time to reduce borrowing costs.
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