We are more than just deposits and loans.
We offer ACH, Cash Management, Merchant Services, Online Banking, and more tools to help your business succeed.
Community First Bank is an originator for ACH debits and credits. This automated service provides convenience and accuracy by replacing paper-based transactions with more efficient electronic transactions. Your company's payroll can be electronically deposited into your employees' personal banking accounts at any financial institution. You may also authorize us to accept debits and credits into your account. This service can help eliminate costly delays.
Automatic "Sweep" Accounts
(Note that sweep accounts are not FDIC insured)
"Sweep" arrangements are the automatic movement of funds between two accounts of the same customer within Community First Bank. An example of a typical sweep account arrangement would be a customer who wishes to maintain a $10,000 target amount in an operating account and wishes any deposited funds greater than the target amount to be moved automatically to aother deposit account or revolving line of credit, as applicable. Our data processing system will post all debit or credit transactions to the operating account and determine an account balance. If the account balance is less than the target amount, funds will be moved out of the other deposit account or revolving line of credit as applicable to raise the operating account balance to the target amount. If the account balance is greater than the target amount, excess funds will be automatically transferred to the designated deposit account or line of credit..
The "target" amount can be set at any mutually-agreed level. Sweep agreements are commonly used for:
- Transfers between an operating account and a line of credit.
- Transfers between an operating account and a payroll account.
- Transfers to protect one account from a possible overdraft or to maintain a desired minimum balance.
Coin & Currency Services
Community First Bank offers rolled coin and strapped currency for our customers' use. To have your coin/currency order ready when you get to the bank, call the bank prior to your arrival.
Electronic Data Interchange (EDI) Services
Community First Bank has the ability to electronically initiate transfers of money involving an account at the financial institution. This service is also referred to as Electronic Funds Transfer Agreement. The use of EDI to transmit invoice data and payments can improve a company's cash flow and may increase the amount of working capital. Pre-authorized ACH debits and credits fall under this service. This includes direct deposit of MasterCard, Visa, and Discover bankcard transactions.
Community First Bank partners with Sage Payment Systems, one of the largest payment processors in the country, to provide merchant payment processing services.
Services that they can help you with include:
- POS Terminals
- Credit Card Processing
- Debit Card Processing
- Electronic Benefits Transfer (EBT)
- Check Services
- Gift Cards
- Customer Loyalty Cards
- Web Payments
Sage Payment Systems is a single source for all of your payment processing needs. To be connected to an account manager, please call one of our account representatives at 913-371-1242.
Online Banking gives you the freedom to manage your account 24 hours a day, 7 days a week. It allows you to:
- Check balances and account activity
- Verify deposits and withdrawals
- View and print images of checks
- Transfer funds between accounts
- Create ACH files
- Review statement history
- Sign up for electronic statements
- Access loan balance information and make loan payments
- Request wire transfers
- Stop payment on checks
- Update your address
- Order checks
- Send coin and currency requests
- Send messages to Community First Bank
Online Bill Pay Services are included and allow you to:
- Pay all your bills from the comfort of your home
- Set recurring expenses to pay automatically
- Review pending payments
- Receive reminders
- View complete bill payment history
For more information, stop in or call one of our Customer Representatives at 913-371-1242.
Community First Bank has partnered with Deluxe Checks to provide quality check options. Click below to visit the Deluxe website to reorder checks.