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Corporate Totals provide same day check clearing information to help determine your daily cash position.
First Midwest Bank’s Corporate Totals service provides notification of the total dollar amount of checks to be posted to your business checking account each day. This service is essential to the accurate forecasting of daily cash outflow. The accuracy and timelines of the notification is particularly important to companies with aggressive investment agendas that need to work their surplus cash while maintaining a reserve to fund disbursements.
Corporate Totals enhance your ability to make the most productive, profitable use of your company’s cash resources. You gain greater control over cash flow and eliminate idle balances.
The Advantages
Maximize Cash Resources: Notification of clearings allows you to invest, pay down debt or meet other obligations.
Eliminate Guesswork: You can eliminate the "guesswork" of funding which minimizes overdrafts or idle balance situations.
How it Works
1. Each day our data capture site receives information from the Federal Reserve Bank identifying the dollar amount of the items being presented for payment on your account.
2. First Midwest informs you of the daily totals via fax or telephone.
Contact a Cash Manager
Return to Disbursement
Positive Pay
Direct Deposit
Corporate Totals
Zero Balance Account
Business Checking Account
Business Checking With Interest
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