Business Digital Banking
With FORUM's Business Digital Banking, you can easily manage your business accounts from anywhere, at any time. Access your accounts on the go, monitor transactions instantly, and handle your business banking quickly and securely. Most importantly, your information is protected with multi-factor authentication for added peace of mind.
Business Digital Banking Features:
- Paying your bills has never been easier with Bill Pay. Simply add your recurring or one-time bill. When it's time to pay, click and enter your payment amount. It's that simple!
- Securely deposit checks using the new app on any camera-enabled smart device with mobile deposit.
- Get the cash management tools you need to manage your critical transactions. Bank with ease and expediency with intuitive processes for ACH, wire transfers, check reconciliation, book transfers, balance reporting, tax payments, administration, and more.
- Take control of your finances. You can now link other accounts, including those at other institutions, to get a full picture of your finances.
- Business Insights - the new embedded digital toolkit that helps you simplify managing your business financials and prepare for future financial needs.
- Set up custom alerts and multiple users with different authorization levels.
- Paying your FORUM commercial loan has never been more convenient with Digital Commercial Loan Payments. Pay from a FORUM account, a debit card, or from an account at another financial institution.
Business Bill Pay
Business Bill Pay is perfect for the business owner who wants to spend less time paying bills and more time managing the business.
Features:
- Schedule recurring and single payments online
- Add, edit or delete payees
- Manage and approve pending payments
- Check up to one year of payment history
- Low monthly fee of $5.95
Please note: The “Payroll Module” is not available with Business Bill Pay.
Remote Deposit Solutions
We know that you need to work as efficiently as possible, and driving to the branch to make deposits can get expensive and time-consuming. That’s why FORUM offers two Remote Deposit Solutions for our business members to reduce costs and improve cash management.
Business Mobile Deposit
A processing solution to enable business depositors the ability to deposit checks electronically using an approved mobile device. Designed for businesses with a low volume of deposited checks per month.
FORUM business deposit accounts in good standing are eligible to use this service.
Once enabled, the deposit feature is available in the FORUM business app. Simply take a picture of the front and back of the check with your mobile device to process business checks.
Same day cutoff is 2:00 pm (ET) Monday through Friday. Same day deposits will post to your business account by 6:00 pm. Deposits received after the cutoff will post to your business account the next business day.
Business Remote Deposit
This is a high volume solution that uses a scanner to convert paper checks into electronic images, deposit the images as electronic data, and confirm your deposit credit in your checking account the next day.
Business Remote Deposit is a web-based service that converts paper checks into electronic transactions resulting in electronic deposits into your checking account.
All you need is a computer with internet access and a check scanner.
That depends primarily on the volume of checks you receive at your place of business. FORUM's program supports a variety of low to high capacity scanners capable of processing thousands of checks per day.
Any type of domestic check, money order, travelers check, or official check with an MICR line.
No. Deposits are made at your place of business. After scanning your checks, your deposit is electronically deposited into your Business Checking Account with same day availability when received by 2:00 pm ET Monday through Friday.