Cash Management

In today’s fast-paced business environment, digital banking solutions that align with your specific needs are not just convenient—they’re essential. F&M Bank offers a comprehensive suite of digital banking services tailored for your business, including everything from payroll processing to fraud monitoring. Our commitment to providing exceptional support ensures that you have the guidance and resources needed to optimize these services effectively. Click our options below to see more:

Business Cash Management Solutions

Pay your employees seamlessly through ACH direct deposit
Set up one-time or recurring payments to your vendors.

5 Tips to Avoid Wire Transfer Fraud

Wire transfers are a fast and convenient way to send money from your account to pay an invoice. However, because wire transfers are irreversible, they can also be the target of fraud schemes. Check out these few tips to keep your money secure.

1. Remember, wire transfers are like sending cash.
Once sent, wire transfers cannot be reversed. If you make a mistake or are scammed, you may not be able to get your money back.

2. Know the scam warning signs.
Warning #1: Unexpected wire transfer requests.
ALWAYS be cautious if you receive requests to wire funds when you're not expecting an invoice.

Warning #2: Last minute changes to instructions.
Especially if you've sent money to the source before and the account information has changed since then.

3. Ask yourself a few questions before sending:
Q1. Did you verbally call and verify the wire instructions with a known phone number (not from the email request)?

Q2. Do you owe this person/company for a service or goods?

Q3. Did you get wire instructions from their bank?

4. Don't be rushed.
Scammers often change legitimate instructions to trick you into making a wire transfer. They may even manipulate the caller ID so their phone calls appear to be coming from a legitimate source. ALWAYS verify the authenticity of requests before taking any action. If you've been asked to act immediately, slow down and take time to think the process through. You can always hang up and re-dial, using a number you're sure is authentic. Taking the time you need to verify can make all the difference.

5. When in doubt, stop and get help.
Listen to your gut! If at any point, you find yourself unsure or suspicious, please give us a call to talk through the validity of the request. If you believe you've fallen victim to a wire transfer scam, contact us immediately.

Still have questions? We're here to help!
Give our Cash Management team a call at 319-730-5965.
Digitally send checks securely to the bank via check scanner from the comfort of your office.
Monitor your outgoing checks and ACH files with our positive pay system.
Skip the endless queue on hold with the credit card company! Easily change limits and make payments directly with our team.
Customize automatic transfers between internal accounts and lines of credit.
Easily accept credit card payments with a portable machine or create a link on your website for your clients to enter their credit card or banking information.
Pay your vendors using Bill Pay, an easy-to-use, one-click program through internet banking.

What We Promise

Setup & Support

Through guided onboarding, our local team will walk you through the set up process. We stand readily available to assist you in-person or over the phone as you become more comfortable with our products and services.

Quick Follow Up

The Cash Management team works together to respond to your inquiries quickly and efficiently. Our customer support team is live and local, ready to assist you so you can focus on your business.

One Team

F&M Bank prides itself on consistent processes, serving our clients as ONE TEAM. No matter who answers your call, rest assured that you will be taken care of.