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Effective use of your organization’s funds require a clear understanding of what it costs to do business with your bank.
First Midwest Bank’s Account Analysis is a detailed monthly recap of your account(s) activity and the balances required to support that activity. It allows you to quickly analyze your total deposit relationship and provides useful information when planning cash management strategies.
The analysis calculates the average collected balance for each account and assigns an earnings credit allowance to help offset service charges.
The Advantages
Optimal Use of Balances: Accounts can be analyzed individually or on a combined basis.
Informative: Provides your organization with cash and banking activity information in a timely manner. Helps you effectively manage your company’s bank accounts. Lists services provided during the cycle, the cost of those services and the necessary balance requirements.
Monitor Fees: Allows you to monitor service charges and determine necessary balance requirements. Assists you in making adjustments for bank compensation requirements.
Efficiency Blueprint: A review of your analysis statement can highlight the need for better use of cash management services, which can lower your monthly bank fees.
How it Works
First Midwest generates the monthly Account Analysis statement in addition to your company’s regular month-end bank statement. At your request, an Account Analysis statement can be generated for one account or many accounts-- providing an individual or composite view of your company’s relationship with First Midwest.
Contact a Cash Manager
Return to Information Reporting Business Express
Bank-On-It
Treasury Connection
Financial Electronic Data Interchange
Account Reconciliation Services
Account Analysis
Check Imaging Service
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