First Trade Union Bank > Government

Services

Overview

Online
Account Reconciliation
- - Expedites the check reconciliation process through an automated delivery system
  - Upon receipt of a check issue file from you, we compare checks presented for payment against your file to create reports designed to meet your needs
  - Reports are available via hardcopy or can be transmitted electronically
Account Reconciliation with Positive Pay
- - With the added Positive Pay service, we validate check number and amount against your check issue file
  - Receive notification when checks presented for payment do not match items contained in your electronic check issue file
  - Ability to make “pay” or “return decisions” on these rejected items
  - Helps prevent or mitigate check fraud
Automated Clearing House (ACH) Services
- - Provides a mechanism to collect and disburse funds electronically, such as direct deposit of payroll, dividend or tax payments
  - Allows clients to better forecast their cash flow position and needs
  - Efficiently manage payments and receipt of funds
Calculators
- First Trade's calculators will help you stay on track to meet your financial goals.
Check Imaging
- View and print electronic images of paid checks through Online Banking and eStatements.
eAlerts
- Stay informed - select to receive email alerts for a number of different account activities:
  - Balance alerts
  - CD alerts
  - Account Transfer alerts
  - Activity alerts
eNewsletter
- Keep in touch with First Trade by signing up to receive our quarterly eNewsletter. Topics may include:
  - Helpful financial tips
  - New products & services
  - Current promotions
  - Employee spotlight
eStatements
- Receive an electronic version of your monthly statement. You will be notified when your eStatement is available via email. Follow the link in the email to view the eStatement or access it directly from your Online Banking account.
  
  Plus, you will have the ability to access up to 13 rolling months of account history.
  
  3 GREAT reasons to receive eStatements:
  - It's free
  - It's convenient
  - It's greener
  If you are a current customer do not already receive eStatements, simply log in to your account and select "Account Statement" under the "Accounts" link to enroll today!
Funds Transfer
- Transfer funds electronically with the push of a button. As an Online Banking customer, you will be able to initiate:
  - Internal Transfers:
    - Between multiple First Trade accounts
    - Reoccurring transfers – weekly, monthly, annually
Merchant Services
- - Tap into the power of accepting the most widely-used electronic payment options for your customers
  - Reduces the need to maintain credit accounts and manage collections, helping you save money, control cash flow and improve customer service
  - Benefit from Automated Clearing House (ACH) settlement within 48 hours of the sale
Online Banking
- - Our premiere client access channel allows companies to perform a range of treasury management functions
  - Two forms of access:
    - Standard
      
      Account Overview
      
      Account History
      
      Funds Transfer
      
      Stop Payments
      
      Wire Transfers
      
      eStatements
      
      eAlerts
      
      Check Imaging
      
      QuickBooks download
    - Premier
      
      All of the above
      
      ACH Services
      
      Account Reconciliation
      
      Account Reconciliation with Positive Pay
  - Provides access using advanced security features
  - Single source for managing your treasury functions
  - Sophisticated reporting of your cash flow position and business activity
  - Helps reduce fraud risk
  - Set up access when you open a new account
  - Already a customer but don’t currently bank online?
  - Contact Us to get set up today!
QuickBooks® Download
- Keep track of your finances by downloading your transaction history into the QuickBooks® program
Remittance Processing
- - Streamline receivable operations by combining check and electronic remittance capture information through the use of a desktop scanner and image technology
  - The capture of check payments and remittances results in faster, more accurate receivable processing
  - Reduces data storage and delivery costs
  - Accelerates the cash collection process, which can be critical at various times throughout the year
  - Allows secure access to remittance, checks and related correspondence online
  - This service is an additional component of Remote Deposit Capture
Remote Deposit Capture
- - Allows for quick and easy deposits into your Business First Checking account
  - Using a desktop scanner provided by First Trade, you are able to electronically process deposits from one or more office locations
  - Provides the ability to standardize deposit activity and consolidate banking relationships
  - Manage your own internal security on transactions by setting up access levels for your employees
  - Extends your processing day and allows you to reconcile more receivables
  - Saves time and money!
Stop Payments
- Place stop payments on checks before they have been cashed. If you choose to place a stop payment online, please have the following information:
  - Account number
  - Check number
  - Check amount
  - Payee
  - Date of check
  Stop Payments are valid for 6 months from the date the order was placed. We are not obligated to notify you when a Stop Payment order expires. If you feel you need to extend beyond the 6 months, you will need to place a new Stop Payment order.
Wire Transfers
- - A time-effective way to transfer money from your account to another institution with a same-day effective date
  - Online Wire Transfer types include:
    - One-time
    - Repetitive
  - You must complete a Wire Agreement form to process Wire Transfers online – this form will be kept on file for all future Wire Transfers¹
  ¹ Wire transfers must be received and verified by 3 PM ET for same-day processing. Wire transfers received after 3 PM ET will be processed on the next business day.
Traditional
Bank by Mail
- Make deposits and loan payments to First Trade on us! We will provide you with postage-paid envelopes – saving you time and money! Contact us to learn more.
Business ATM Card
- - Available with any deposit transaction account
  - Access is for deposits only
Business MasterMoney® Debit Card
- - Available with a Free Business, Relationship or Business First Checking account
  - 4 MasterMoney® Debit Cards available:
    - Platinum
      
      Card available with a Business First Checking account
      
      Make purchases and point-of-sale transactions up to your available account balance
      
      Make ATM withdrawals (pre-established daily dollar limits apply)
      
      Make ATM deposits and transfers
    - Gold¹
      
      Card available with a Relationship or Business First Checking account
      
      Make purchases and point-of-sale transactions
      
      Make ATM withdrawals, deposits and transfers
    - Silver¹
      
      Card available with a Relationship or Business First Checking account
      
      Make purchases and point-of-sale transactions
      
      Make ATM withdrawals and deposits
    - Bronze¹
      
      Card available with a Free Business, Relationship or Business First Checking account
      
      Make purchases and point-of-sale transactions
  - Provides the ability to make convenient and secure purchases
  - Helps control expenses and streamline the accounting processes
  - Participate in the MasterMoney® rewards program and you can:
    - Earn points on qualifying purchases
    - Allow individual cardholders to enroll and redeem points earned
    - Elect to have all of your employees' accumulated charges rolled up to a single company rewards account
  ¹Based on a pre-established daily card limit
Check Image CD
- CD provided with monthly statement for Business First Checking customers who write more than 100 total checks a month. This service is available upon request.
Linked Protection
- This service establishes a link between your checking account and one designated savings account.
  
  In the event that your checking account does not have sufficient funds to pay an item that has been presented to us for payment, First Trade will execute a transfer of funds automatically from the available balance in the savings account to bring your checking account balance to $0.00. Regardless of the number of items paid, First Trade will only conduct one (1) daily transfer to cover the overdrawn amount. A fee of $5.00 will be charged per transfer.
  This service is subject to Regulation D. You are permitted six (6) pre-authorized transactions per statement cycle. Each transfer counts as a preauthorization transaction.
  
  Government deposit accounts eligible to link a checking account to:
  - Government Statement Savings
  - Municipal Money Market Account
  If you are a current client and would like to activate this service, please click here to view our Linked Protection Agreement form. If you agree to the terms and conditions of this service, please print, sign and return the original copy to First Trade Union Bank.
Night Deposit Services
- Provides a mechanism to make deposits during off-peak hours:
  - We provide you with a night bag and access keys free of cost
  - Deposits are validated the next business day using dual control
Notary Services
- - For customers only
  - Valid identification required
Stop Payments
- Place stop payments on checks before they have been cashed. You can place stop payments a First Trade branch location or by phone.
  
  If you choose to place a stop payment at a branch location, please have the following information:
  - Account number
  - Check number
  - Check amount
  - Payee
  - Date of check
  Stop Payments are valid for 6 months from the date the order was placed.
  
  If you choose to place a stop payment on the phone, please be prepared to supply the following information:
  - Account number
  - Check number
  - Check amount
  - Payee
  - Date of check
  We will mail you a Stop Payment form that you must sign and return to First Trade (original document). Stop Payments placed on the phone will lapse after 14 calendar days if you do not confirm your order in writing within that time period. Once confirmed in writing, Stop Payments are extended for 6 months from the date the order was placed.
  
  We are not obligated to notify you when a Stop Payment order expires. If you feel you need to extend beyond the 6 months, or if a verbal Stop Payment order has lapsed, you will need to place a new Stop Payment order.
Treasury Tax and Loan (TT&L) Payments
- First Trade will accept your payroll and/or IRS tax payments free of charge at any branch location.
Wire Transfers
- A time-effective way to transfer money from your account to another person or institution.
  
  Wire Transfer types include:
  - One-time
  - Repetitive
  - International
  Making a wire transfer at a branch location¹:
  - Complete a Wire Transfer Out form. To do so, you will need to know the beneficiary bank’s routing number, address, beneficiary account number and beneficiary name Making a wire transfer via fax¹:
  - Complete a Wire Agreement²
  - Fax the completed Wire Transfer Out form to Deposit Operations at 617.330.1061
  - First Trade will contact you via the phone number on file to verify the information provided – we will not process the transfer until information is verified
  ¹ Wire transfers must be received and verified by 3 PM ET for same-day processing. Wire transfers received after 3 PM ET will be processed on the next business day.
  
  ² Agreement must be on file to process a wire transfer via fax.
Miscellaneous
- We also offer the following products¹:
  - Traveler's Checks
  - Treasurer's Checks
  - Money Orders
  - U.S. Savings Bonds
  ¹ Additional fees may apply.