Business Accounts

Small Business Owners affected by COVID-19

The SBA also updated their site to provide more information what they offer in the way of coronavirus relief options.

Here's some helpful information regarding the Economic Injury Disaster Loan program from the SBA. Also please visit our personal loans page to see what other options we have to assist you.

Paychex has assembled some very helpful compliance information regarding PPP and COVID-19.

Many of the local Chambers of Commerce have developed resource pages to help business owners understand the relief options available to them and their staff, as well as how to navigate the application process. We strongly encourage you to read out to your local chamber to see how they can help you.

Deposit Account Options

We offer some of the best options for business accounts in the market today, such as:

• Business Savings
• Business Checking - See our Business Checking Specials
• Business Money Market Accounts - Earn up to 4.75% APY*

To find out more, give us a call at 901-380-7400 today.

Business Bill Pay 

With First South Financial's Business Bill Pay, you can begin paying your company’s bills the convenient way, online.  This service will save you time and allow you to focus on growing and managing your business. 

With our convenient Payment Center, you can:

• Review  recent and pending payments 
• View electronic versions of your bills 
• Pay many billers the same or next business day 

Click here to access your existing business bill pay account or to enroll in the service.

Now, you can securely pay all of your bills and manage important financial tasks from one convenient location.  Once you are enrolled in the service you may either access it by clicking here or from within your personal online baking account. 

*High Yield Money Market interest is based upon the current Federal Funds Rate minus 50 bps, currently 4.75% APY (Annual Percentage Yield), and is compounded and paid monthly. The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. The annual percentage yield is accurate as of 7/1/2024 and may change monthly. The APY is subject to a ceiling of 4.75% and a floor rate of .75%. Funds are available for transfer/withdrawal, 7+ transfers/withdrawals per month will incur a charge of $5.00 per instance. Accounts that fall below the minimum balance requirement of $25,000 will incur a $15.00 monthly service fee. Federally insured by NCUA. Offer subject to change or withdrawal without notice. Please see us for complete details.