Businesses move money in more ways and often involve more people in financial activity. That can create additional opportunities for fraud and unauthorized transactions. First Bank Midwest provides tools, information and education to help you strengthen account security, monitor activity and help your team recognize potential threats.
Help your team spot trouble before money leaves the account.
Business fraud often starts with something that appears legitimate: an invoice, an email from a familiar name, a request to change payment instructions or an urgent message asking for money. Educating the people who handle your company's finances can be an important line of defense.
Add another layer of protection against check and ACH fraud.
Positive Pay helps businesses monitor checks and ACH transactions presented against their accounts. Transactions that don't match established information can be flagged for review, giving your business an opportunity to identify potentially unauthorized activity.
For businesses that issue checks or process ACH transactions regularly, Positive Pay can be an important part of your overall fraud prevention practices.
More visibility into business card activity.
Card controls and transaction alerts can help you keep a closer eye on how your business debit card is being used. Manage available card settings and choose alerts that help you stay informed about activity on your account.
Secure storage for important items.
Safe deposit boxes are available at select First Bank Midwest locations for customers looking for secure storage for certain important documents and valuables. Availability, sizes, and pricing vary by location.
Control access to your business accounts.
Business Digital Banking gives you tools to manage account access while helping protect sensitive financial information. User permissions allow businesses to provide access based on individual responsibilities, while security features and account monitoring add additional safeguards.
Good internal practices matter, too. Limit access to those who need it, protect login credentials and review account activity regularly.
Know how coverage applies to business deposits.
FDIC insurance covers eligible deposits at insured financial institutions, including qualifying business accounts, within applicable limits. Understanding how coverage works is particularly important for businesses that maintain larger deposit balances.
Useful financial information for your business and your team.
Financial education isn't limited to personal banking. First Bank Midwest offers resources that businesses and organizations can share with team members or use to strengthen their own understanding of financial and security topics.
Bring financial education directly to your team. First Bank Midwest team members are available for in-person educational sessions with businesses and organizations. Sessions can cover relevant financial topics and give your team an opportunity to ask questions and learn from a local banking resource.