FirstBank offers its clients the service components and advantages of an integrated Cash Management service for the efficient management of your business’s cash flow. This service offers you flexibility and control over the administration and daily management of your business’s cash flow.

Zero balance account

• It is an account that operates tied to a concentration of funds account and operates with a zero balance.
• It is designed for making deposits or issuing checks.
• At the close of business the account is credited or debited automatically as to always maintain a zero balance.

Partial Reconciliation service

• With this service you will have access to a cumulative electronic archive of all paid checks.
• You will receive a statement during the first seven business days after the last day of your account’s cycle.

Concentration of Funds service

• You can originate electronic fund transfers of funds in your accounts at other banks to your principal account at FirstBank.

Deposit Reports

• Designed for companies with various units making deposits from different points on the Island.
• FACIL, an electronic system , will provide you with daily information of deposits by units, significantly reducing your work during the reconciliation process.

Controlled Disbursement

• You can see the checks that arrive via clearing and that will be deposited in your account during the evening.
• This service will help you avoid overdrawing your account, and will help you improve the management of your funds.

Transfers

• Transfers between your FirstBank checking accounts.
• You can prepare your transactions at any moment, which will be transmitted during your next correction.
• Confirmation that the transaction was transmitted correctly.

Wire Transfers

• Transfer existing funds between accounts you have with different institutions.
• Transfers between international accounts.
• Allows you to program transfers that repeat at certain intervals over a determined period of time.

Stop Payments

• You can process the instructions between your checking accounts at FirstBank.
• Confirmation that the transaction was transmitted correctly.

Contacts:

St. Thomas/St. John: Andrea Quetel (340) 775-8837 or (340) 775-8839
andrea.quetel@firstbankvi.com or merchant@firstbankvi.com

St. Croix: St. Croix: Onage Ghanie (340) 772-6227
onage.ghanie@firstbankvi.com or merchant@firstbankvi.com

Tortola: Shevone Thomas (284) 496-7248
shevone.thomas@firstbankvi.com or merchant@firstbankvi.com