Checking - Premier Banks

Business Checking

Checking options tailored to your business.

Premier Banks has a variety of business checking accounts. Our experienced bankers can help you determine the checking account that meets your business needs and review our add-on services to customize your business banking package.

Business Checking Account Options

Complimentary Services

Debit MasterCard® with Card Valet®
eStatements
Mobile Banking
Mobile Deposit
Online Banking

Additional Services

ACH Origination
Bill Pay
Check Printing
IntraFi Services
Positive Pay
Remote Deposit
Safe Deposit Boxes (check your branch for availability)
Sweep Transfers
Wire Transfers

Complimentary Services

Debit MasterCard® with Card Valet®
eStatements
Mobile Banking
Mobile Deposit
Online Banking

Additional Services

ACH Origination
Bill Pay
Check Printing
IntraFi Services
Positive Pay
Remote Deposit
Safe Deposit Boxes (check your branch for availability)
Sweep Transfers
Wire Transfers

Complimentary Services

Debit MasterCard® with Card Valet®
eStatements
Mobile Banking
Mobile Deposit
Online Banking

Additional Services

ACH Origination
Bill Pay
Check Printing
IntraFi Services
Positive Pay
Remote Deposit
Safe Deposit Boxes (check your branch for availability)
Sweep Transfers
Wire Transfers

Complimentary Services

Debit MasterCard® with Card Valet®
eStatements
Mobile Banking
Mobile Deposit
Online Banking

Additional Services

ACH Origination
Bill Pay
Check Printing
IntraFi Services
Positive Pay
Remote Deposit
Safe Deposit Boxes (check your branch for availability)
Sweep Transfers
Wire Transfers

Complimentary Services

Debit MasterCard® with Card Valet®
eStatements
Mobile Banking
Mobile Deposit
Online Banking

Additional Services

ACH Origination
Bill Pay
Check Printing
IntraFi Services
Positive Pay
Remote Deposit
Safe Deposit Boxes (check your branch for availability)
Sweep Transfers
Wire Transfers

Cash Management

Fraud
prevention

Premier Banks cares about your security. Business Email Compromise (“BEC”) victims is on the rise. Premier Banks alerts you of this fraudulent wire transfer trend to prevent your business from becoming a victim.

What is a Business Email Compromise (BEC)?

BEC is the theft of employee/executive email addresses that are used to generate fraudulent funds transfer requests.

Perpetrators target internal employees with access to ﬁnancial or sensitive employee data by impersonating executives, trusted individuals or vendors via bogus emails.

BEC is carried out by compromising legitimate business email accounts through social engineering or computer intrusion to conduct unauthorized transfers.
Fraudulent emails provide instructions to wire money to a speciﬁc account the fraudster controls. The accounts are often connected to foreign banks where funds can be quickly transferred.
Perpetrators take the time to understand the target organization’s relationships, activities, interests and travel and/or purchasing plans.

How to protect your business

The most important thing you can do is obtain verbal conﬁrmation from the person “emailing” the request. Use previously known phone numbers, not contact information provided in the email request. In addition, do not reply to the requestor’s email, but create a new email using the email address you have on ﬁle for the requestor.
Immediately report any breaches to the bank.
Have a dual control process for approvals of all wire transfer requests that do not only rely on email.
Don’t publish vacation or travel schedules on social media sites.
Take your time and review the situation. Ask if this request is “urgent” as is oftentimes stated in the request.
Does the request make sense? Is it a recurring transaction or something new or out of the ordinary?
Create intrusion detection system rules that ﬂag emails with extensions that are similar to company email. For example, legitimate email of abc_company.com would ﬂag fraudulent email of abc-company.com.
Verify changes in vendor payment location by adding dual control procedure such as having a secondary sign-off by company personnel. Always verify emailed requests via known out of band phone numbers.
Know the habits of your customers, including the details of, reasons behind, and amount of payments.

Additional information is publicly available on the United States Department of Justice website www.justice.gov publication entitled “Best Practices for Victim Response and Reporting of Cyber Incidents.”

Variations of BEC

Bogus Invoice: A business, which often has a long standing relationship with a supplier, is asked to wire funds to pay an invoice to an alternate, fraudulent account via email. The email request appears very similar to a legitimate account and would take very close scrutiny to determine if it was fraudulent.
Purchase Order: The email of an employee is hacked. The fraudsters then review the recent email activity and send a request to vendors for invoice payments to a fraudulently controlled bank account.
Mortgage Industry: Fraudsters target the emails of realtors, title/closing/settlement agents, buyers, and builders to divert money such as down payments and closing funds. The fraudster hacks into an email account and searches for speciﬁc information (amount of deposit, names of parties involved, deposit holder) regarding upcoming closings. The fraudster creates a new email to appear legitimate and directs the buyer/deposit holder to wire transfer the money to a fraudulent account.

Reporting a security breach

Please contact your local branch or banking ofﬁcer. Thank you for your time and attention to this serious matter.

eStatements

Premier eStatements allow immediate access to your electronic statements.

Faster availability than paper statements
Reduce exposure to mail fraud and identity theft
Secure and easy access
Environmentally-friendly
Eliminate bulky file storage and clutter

Contact a Premier Banker at a location nearest you to enroll today.

Premier Banks
Deposit Services Team