You need to be in control of client collections and all other sources of income to your business. At FirstBank, we offer you the necessary tools to do it efficiently.

Lock Box

The Lock Box service from FirstBank deposits payments made by your clients in your business account the same day they are received.

• This service significantly reduces the payment loss risk since clients make the payments to a PO Box provided by the bank.
• These payments are picked up, organized and posted daily.
• It provides the necessary information to update your account receivables system.

ACH Direct Payments

Adds the alternative to charge your clients electronically through the ACH direct collection network.

Collections are done through the ACH - Automated Clearing House system, a national electronic network used by financial institutions, corporations and individuals in the US and Virgin Islands to exchange payments and collections.

Merchant Card

Offering your clients convenience means more business for you. The Merchant Card service from FirstBank offers your clients the convenience of making payments with credit or debit cards.

• Via an electronic terminal at the place of business, your clients will be able to make and verify electronic transactions.
• The total amount of these transactions will be deposited in his commercial account.

* Only for residents of the Virgin Islands.