Business Online Banking Services and Features

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Business online banking services offer a range of features to help businesses manage their finances efficiently. With online banking, you can access your account information 24/7 from anywhere with an internet connection.

You can view your account balances, transaction history, and account statements online, making it easier to stay on top of your finances. Online banking also allows you to transfer funds between accounts, pay bills, and set up automatic payments.

Many online banking systems also offer mobile banking apps, which enable you to manage your accounts on-the-go. Some online banking systems even offer mobile deposit, allowing you to deposit checks remotely using your smartphone.

Businesses can also use online banking to pay employees, vendors, and suppliers, streamlining their payment processes and reducing the risk of lost or stolen checks.

Online Banking Features

You can access up to 7 years of account statements online, and receive email notifications whenever you receive a statement or other account notifications.

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Funds transfers are easy with Online Banking, allowing you to securely transfer money between TD Bank accounts or to non-TD Bank accounts, with the option to make one-time transfers or schedule recurring transfers.

The account dashboard provides a convenient view of current balance information for all your small business checking, savings, credit card, and loan accounts in one place.

Online Banking also offers a Business Payment Suite with convenient payment solutions available online, on the go, and in person.

You can schedule and manage business payments with an audit trail for payment history, ensuring you have a clear record of all transactions.

Banking Services

You can access your account statements online for up to 7 years, and even get an email notification when a new statement is available.

With TD Bank's online banking, you can easily transfer funds between your accounts or to non-TD Bank accounts, making it convenient to manage your finances.

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The account dashboard provides a centralized view of your business checking, savings, credit card, and loan accounts, allowing you to see your current balance info in one place.

You can also toggle between your online small business and personal accounts with ease.

TD Online Accounting is a game-changer, allowing you to streamline business accounting and accept electronic payments into your TD Small Business Checking account.

With Quicken or QuickBooks integration, you can have a consolidated view of multiple financial institutions, making it easier to manage your finances.

The Business Payment Suite offers convenient payment solutions online, on the go, and in person.

You can securely check balances at a glance and deposit checks remotely using the mobile app.

The mobile app is available on both iPhone and Android, and gets top ratings on both platforms.

You can also view check images and transfer funds using the mobile app.

Additionally, you can locate ATMs and branches using the app.

TD Bank offers 24-hour toll-free telephone support at 1-877-229-6428.

You can schedule one-time and recurring payments using the Bill Pay feature.

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Quick and easy payment options are available online, allowing you to schedule and manage business payments with an audit trail for payment history.

Business Bill Pay allows you to easily add billers by typing the company name and entering your account number.

You can set up reminders to receive messages when payments are due, and make recurring payments that are consistent from month to month.

With Business Bill Pay, you can also organize your payables and track all account activity online, 24/7.

Money arrives in 4 business days when using the Bill Pay feature, and you can send payments to any business or individual in the U.S.

You don't need to write or mail checks, and can set up one-time or recurring payments.

Next-day payments are available and free, and you can manage user access to your business accounts.

Business Online Banking allows you to monitor and manage your business accounts conveniently and efficiently.

Here's a summary of the key features:

  • Online Statements and Notices: access account statements online for up to 7 years, and get email notifications
  • Funds transfers: transfer money between accounts or to non-TD Bank accounts
  • Account dashboard: view current balance info for all business accounts in one place
  • TD Online Accounting: streamline business accounting and accept electronic payments
  • Bill Pay: schedule one-time and recurring payments
  • Mobile app: securely check balances, deposit checks, and transfer funds on the go

Wire Transfers

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Wire transfers are a convenient way to send money to anyone in the U.S. with a bank account. They're a fast way to get money to the person you're sending it to, with the money arriving the same day or up to 2 business days after the transfer is initiated.

You can receive proof of payment when your money is received, which can be a big relief if you're sending money to someone who needs it. This feature is especially useful if you're sending money to someone who's waiting on a payment.

The cost of wire transfers varies depending on the type of transfer. Here's a breakdown of the costs:

Overall, wire transfers are a reliable and efficient way to send money to anyone in the U.S. with a bank account.

Account Management

You can check your account and loan balances and transactions, view images of paper transactions like checks and deposit slips, and view statements. This is all part of the account management features that make it easy to stay on top of your finances.

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With FirstBank, you can also transfer funds between accounts with the same owner, which is a convenient feature for businesses with multiple accounts. Additionally, you can customize account notifications by email or text to stay informed about your account activity.

Here are some key account management features:

  • Check account and loan balances and transactions.
  • View images of paper transactions, such as checks and deposit slips.
  • View statements.
  • Transfer funds between accounts with the same owner.
  • Customize account notifications by email or text.
  • Bank from your phone or tablet with the FirstBank Mobile Banking App.

Bill Pay

Bill Pay is a convenient feature that allows you to schedule one-time and recurring payments with ease.

You can send payments to any business or individual in the U.S. with no need to write or mail checks.

With Bill Pay, you can manage user access to your business accounts and set up one-time or recurring payments.

Next-day payments are available and free, and you can also schedule payments to arrive in 4 business days.

To make the most of Bill Pay, you can set up reminders to receive messages when payments are due.

You can also easily add billers by simply typing the company name and entering your account number, thanks to the Quick-Add feature.

Some of the key benefits of Bill Pay include:

  • Money arrives in 4 business days
  • Send payments to any business or individual in the U.S.
  • No need to write or mail checks
  • Set up one-time or recurring payments
  • Manage user access to your business accounts
  • Next-day payments available and free scheduled payments

Account Management

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You can manage your FirstBank business accounts from anywhere with ease, thanks to their comprehensive online banking system.

You can track payments and monitor your cash flow with a single view of all your accounts, making it easier to stay on top of your finances.

Basic Business Online Banking is free if you enroll for eStatements, which is a convenient way to receive your statements electronically.

You can check account and loan balances and transactions, view images of paper transactions, and view statements online.

Here are some of the key features of FirstBank's online account management system:

  • Transfer funds between accounts with the same owner
  • Customize account notifications by email or text
  • Bank from your phone or tablet with the FirstBank Mobile Banking App

With FirstBank's online account management system, you can also set up and authorize other people to manage your online business banking accounts, and control their access to different features.

Security and Safety

Our online banking system takes security and safety very seriously. We employ the latest technical security measures to protect your account from unauthorized users.

We use state-of-the-art security technology that's constantly evolving to safeguard your business accounts and keep your information private. This means you can stay as secure online as you are in branch.

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Here are some key features that help keep your information safe:

  • Secure Logins: We run a check on your Web browser each time you log in to ensure your transactions will be secure.
  • Automatic Session End: We'll end your online banking session after a few minutes if you leave your computer unattended or forget to exit.
  • State-of-the-Art Encryption Technology: The information exchanged during your session is encrypted for your protection.
  • Firewalls: Our data systems are protected by firewalls that only allow legitimate Online Banking messages to be recognized.
  • Technical Requirements: We require the use of recent encrypted Web browsers to ensure your account information is handled in the safest and most private manner.

Safety and Security

Our bank takes the safety and security of your online banking experience very seriously. We employ the latest technical security measures to protect your account from unauthorized users.

Each time you log in, we run a check on your Web browser to help ensure that your transactions will be secure. In addition, you'll be asked to provide a login ID and a password.

We automatically end your online banking session after a few minutes if you leave your computer unattended or forget to exit. This is just another way we work to keep your information safe and confidential.

The information exchanged during your session is encrypted for your protection. Encryption is the process of translating information into un-interpretable code for the duration of transmission and then back into recognizable information once it's received.

Our data systems are protected by firewalls that are set up between our systems and the Internet. Any incoming messages must first pass through our firewall, which allows only certain types of messages to be sent through.

Here are some of the technical requirements we have in place to ensure your account information is handled in the safest and most private manner:

  • Recent encrypted Web browsers
  • Secure Logins
  • State-of-the-Art Encryption Technology
  • Firewalls

Password Requirements for Internet Banking

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If you're setting up internet banking for your business, it's essential to create a strong password to protect your account.

The Business Electronic Banking (BeB) password requirements are quite specific.

Your password must be between 8 to 12 characters long.

You'll need to include at least three of the following: lower case letters, upper case letters, numbers, and special characters.

Don't even think about including spaces in your password.

Also, make sure you don't repeat any character more than three times.

Here's a breakdown of the allowed special characters: ! @ # $ % ^ & * ( ) _ + = | / ? ; : . } { – [ ].

Remember, your password is case sensitive, so "P@ssw0rd" and "p@ssw0rd" are not the same.

Consider reading: M and T Bank Statements

Custom Alerts

Custom alerts can be a lifesaver when it comes to staying on top of your business finances. You can get email notifications when an eStatement is in, so you can stay up to date on your account activity.

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With mobile alerts, you can receive notifications by app or by text, giving you the flexibility to stay informed on the go. This means you can quickly respond to any issues that arise, without having to worry about missing important updates.

To set up your custom alerts, you can choose to receive updates online, by email, or through mobile notifications. This lets you tailor your alerts to your specific needs and preferences.

You can also customize your alerts to include security notifications, such as alerts for suspicious charges or unauthorized access to your account. This helps you stay one step ahead of any potential security threats.

Here are some options for custom business alerts:

  • Get business banking updates online
  • Get mobile alerts by app or by text
  • Get email account notifications

By setting up custom alerts, you can have peace of mind knowing that you'll be notified of any important changes to your account.

Mobile Banking

Mobile banking is a game-changer for businesses on-the-go. Our mobile app is top-rated on both iPhone and Android, making it the quickest and easiest way to manage your accounts and deposit checks remotely.

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With our mobile banking services, you can securely check balances at a glance, deposit checks remotely, view check images, transfer funds, and even locate ATMs and branches.

Here are some of the key features of our mobile banking app:

  • Securely check balances at a glance
  • Deposit checks remotely
  • View check images
  • Transfer funds
  • Locate ATMs and branches

And if you need any help, just call our 24-hour toll-free telephone support at 1-877-229-6428.

Mobile Banking Benefits

You can manage your accounts and deposit checks remotely using our secure online and mobile banking services.

Our mobile app is highly rated on both iPhone and Android, making it the quickest and easiest way to take care of your banking needs on the go.

Securely check your balances at a glance with our mobile app.

You can even deposit checks remotely using our mobile app, just like with Mobile Deposit.

View check images and transfer funds with ease using our mobile banking services.

Locate ATMs and branches using our mobile app, making it convenient to access your money when you need it.

Here are some of the key features of our mobile banking services:

  • Securely check balances at a glance
  • Deposit checks remotely
  • View check images
  • Transfer funds
  • Locate ATMs and branches

Zelle

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You can use Zelle to receive and send payments with TD Bank, and it's a game-changer for small business owners. Eligible TD Bank Small Business customers can enroll in Zelle right from their Online Banking or the TD Bank app.

To get started, simply share your email address, U.S. mobile number, or QR code with your customers, and they can pay you wherever you are, without needing your account information. This makes it super convenient for both parties.

With Zelle, you can send payments fast, typically within minutes, directly from one account to another. This is a huge time-saver and can help improve your cash flow.

Here are some key benefits of using Zelle for your business:

  • Send payments fast—typically within minutes
  • Improve cash flow—no need to wait for a check to clear
  • Share your email address, U.S. mobile number or QR code and customers can pay you wherever you are

By using Zelle, you can streamline your payment process and make it easier for your customers to pay you.

Account Management Tools

With business online banking, you can easily manage your accounts from anywhere. You can track payments and monitor your cash flow with a single view of all your accounts.

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You can also save time and stay ahead of your bills with eBills, which allow you to send bills electronically and schedule automatic alerts and payments to any vendor or supplier who is also set up for eBills.

To add an extra layer of security, you can specify different levels of access for multiple users. This way, you can control who can view and manage your accounts.

Here are some key account management features:

  • Check account and loan balances and transactions.
  • View images of paper transactions, such as checks and deposit slips.
  • View statements.
  • Transfer funds between accounts with the same owner.
  • Customize account notifications by email or text.
  • Bank from your phone or tablet with the FirstBank Mobile Banking App.

Personal Software Compatibility

Our account management tools are designed to save you time and money by allowing you to manage your finances from anywhere.

You can download account data directly into Quicken or QuickBooks for efficient financial management, making it easy to stay on top of your finances.

By using our breakthrough banking apps, you can avoid trips to the bank and conduct business banking transactions from the comfort of your own office.

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Internet Cash Management

With Internet Cash Management, you can manage your FirstBank business accounts from your own office. This feature allows you to monitor and manage your business accounts conveniently and efficiently.

You can take advantage of Basic Business Online Banking for free if you enroll for eStatements. This is a great way to save time and money.

You can also choose optional services to further enhance your online banking experience.

Fees and Services

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Business online banking often comes with a range of fees. These can include monthly maintenance fees, overdraft fees, and fees for using out-of-network ATMs.

Some banks offer free online banking services, while others may charge a monthly fee for the privilege. This fee can range from $5 to $20 per month, depending on the bank and the level of service.

Banks may also charge fees for certain services, such as wire transfers, check printing, and account management. These fees can add up quickly, so it's essential to review your bank's fee structure before opening an account.

Automated Clearing House

Automated Clearing House (ACH) is a convenient way to handle payroll and vendor payments, as well as tax payments.

Money arrives in just 2 business days, which is a significant improvement over traditional payment methods.

You can send money directly to any U.S. bank account, making it easy to pay multiple recipients at once.

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ACH also allows you to set up templates to send money to the same accounts repeatedly, reducing the hassle of manual payments.

One of the biggest advantages of ACH is that it eliminates the expense and hassle of lost or uncashed checks.

The per-batch cost of using ACH is $10.00, which can be a cost-effective option for frequent payments.

Fees

The fees associated with our services are clear and transparent, so you can plan your finances accordingly. The first thing to consider is the Account Management fee, which is $10.00 if you opt for paper statements. However, if you enroll for eStatements, you'll get this service for free.

There's also an optional Bill Payment service, which will set you back $5.00 per user per month. If you don't need this service, you can skip it and save some money.

The Financial management software download service is also optional, and the good news is that it's free, so you can take advantage of it without any extra cost.

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Internet Banking

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With Business Online Banking, you can monitor and manage your business accounts conveniently and efficiently. This means you can stay on top of your finances from anywhere, at any time.

You can manage your FirstBank business accounts from your own office, thanks to Internet Cash Management. This feature allows you to take control of your finances without having to physically visit a bank branch.

Business Online Banking makes it easy to keep track of your accounts, giving you a clear picture of your financial situation. This can help you make informed decisions about your business.

Frequently Asked Questions

Can I open a bank account online for my LLC?

Yes, you can open a business checking or savings account for your LLC online, but first, ensure you have all required documents and information ready. Click here to learn more about the online application process and business banking requirements.

Timothy Gutkowski-Stoltenberg

Senior Writer

Timothy Gutkowski-Stoltenberg is a seasoned writer with a passion for crafting engaging content. With a keen eye for detail and a knack for storytelling, he has established himself as a versatile and reliable voice in the industry. His writing portfolio showcases a breadth of expertise, with a particular focus on the freight market trends.

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