We understand the demands of operating your business
Business Online Banking lets you:
Transfer funds between M&F Bank accounts.
Download information into popular financial software such as Quicken®, QuickBooks®, and Microsoft® Money.
Initiate and view stop payments.
Receive customized email alerts, and more.
Immediate, real-time makes reconciling your accounts easier and saves your valuable time.
This external fund transfer service provides easy, convenient transfer options including:
•Direct Deposit of Payroll | Payroll is deposited directly into your employees’ checking or savings account at their banks. Direct deposit ensures that your employees receive timely deposit of their paychecks and lowers your company’s processing costs.
•Direct Payment | Reduces accounts payable paperwork and costs by allowing your to make automated recurring payments.
•Returns and Reversals | If entries are received or processed in error your company can originate a return or reversal.
Remote Deposit Capture
This service allows our business customers the convenience of depositing checks that your receive at your location, without ever having to come to the bank. Checks can be scanned to create a digital deposit. The digital deposit is then transmitted (over and encrypted internet connection) to M&F Bank, where we accept and post the deposit to your account.| Learn more.