Treasury Management
Manage your finances more efficiently.
We understand the demands of operating your business extends beyond regular business hours, so we offer Business Online Banking with Treasury Management Services — making managing your business’ finances possible 24 hours a day, 7 days a week.
Mobiliti Business
Our business mobile banking app provides the ease needed to manage your finances on the go. All you need is your M&F Bank business online banking username and password, and a mobile device that can download the app, access the web and has text messaging/SMS capability.
Wire Transfer
A safe, fast, and convenient method to transfer money anywhere in the USA to and from your account. Wire transfers can be initiated online or at a branch office, and usually can be sent and received in the same business day.
Remote Deposit Capture
This service allows our business customers the convenience of depositing checks that your receive at your location, without ever having to come to the bank. Checks can be scanned to create a digital deposit. The digital deposit is then transmitted (over and encrypted internet connection) to M&F Bank, where we accept and post the deposit to your account.
Bill Pay
This option allows your to schedule one-time, variable or recurring electronic payments. You can set up, edit and view your payee list, and review your payment history. Reduces paperwork and costs.
Positive Pay
Positive Pay is offered as an automated fraud detection tool. It is designed to identify fraudulent checks and presenters. This service will match account number, check number, and dollar amount of each check presented for payment against a list of check previously authorized and issued by your company. Upon each completion of a check run, your company prepares a formatted checks issued data file (including check number, amount and date, as well as account information) and transmits this data to the bank.
ACH Origination
This external fund transfer service provides easy, convenient transfer options including:
Direct Deposit of Payroll | Payroll is deposited directly into your employees’ checking or savings account at their banks. Direct deposit ensures that your employees receive timely deposit of their paychecks and lowers your company’s processing costs.
Direct Payment | Reduces accounts payable paperwork and costs by allowing your to make automated recurring payments.
Returns and Reversals | If entries are received or processed in error your company can originate a return or reversal.
All M&F Bank Business accounts give you access to Business Online Banking allowing you to:
• Review detailed balance and transaction reports
• Transfer funds between M&F Bank accounts
• Download information into popular financial software such as Quicken®, QuickBooks®, and Microsoft® Money
• Initiate and view stop payments
• Receive customized email alerts, and more.
Treasury Management
Manage your finances
more efficiently.
ACH Origination
This external fund transfer service provides easy, convenient transfer options including:
Direct Deposit of Payroll | Payroll is deposited directly into your employees’ checking or savings – ensuring timely deposit of paychecks and lowers your company’s processing costs.
Direct Payment | Reduces accounts payable paperwork and costs by allowing your to make automated recurring payments.
Returns and Reversals | If entries are received or processed in error your company can originate a return or reversal.
Mobiliti Business
Our business mobile banking app provides the ease needed to manage your finances on the go. All you need is your M&F Bank business online banking username and password, and a mobile device that can download the app, access the web and has text messaging/SMS capability.
Positive Pay
Positive Pay is an automated fraud detection tool designed to identify fraudulent checks and presenters. This service will match account number, check number, and dollar amount of each check presented for payment against a list of check previously authorized and issued by your company.
Wire Transfer
A safe, fast, and convenient method to transfer money anywhere in the USA to and from your account. Wire transfers can be initiated online or at a branch office, and usually can be sent and received in the same business day.
Remote Deposit Capture
This service allows our business customers the convenience of depositing checks that your receive at your location, without ever having to come to the bank. Checks can be scanned to create a digital deposit. The digital deposit is then transmitted (over and encrypted internet connection) to M&F Bank, where we accept and post the deposit to your account.
Bill Pay
This option allows your to schedule onetime, variable or recurring electronic payments. You can set up, edit and view your payee list, and review your payment history. Reduces paperwork and costs.
All M&F Bank Business accounts give you access to Business Online Banking allowing you to:
• Review detailed balance and transaction reports
• Transfer funds between M&F Bank accounts
• Download information into popular financial software such as Quicken®, QuickBooks®, and Microsoft® Money
• Initiate and view stop payments
• Receive customized email alerts, and more.
