What is ACH?
ACH stands for Automated Clearing House, a nationwide network through the Federal Reserve System that allows individuals to move payments electronically between financial institutions. One time payments, reoccurring payments to one account or several payments to multiple accounts, the option is yours.
What are the features of an ACH Payment that will help my business?
ACH Payments allow you to transfer funds to a different financial institution on a specified time and date. You set the date and make the payment when it is due. Not only can you make payments you can also receive them using ACH. Collect funds from other users even though they bank at a different financial institution. Efficient, safe and making your money work for you.
What are examples of payments that can be made using ACH?
Every business has to do payroll. ACH simplifies the process and allows multiple payments to multiple accounts. Monthly payments like membership dues, tuition or even rental payments can all be made using ACH.
Want to find out more?
Ask one of our knowledgeable bankers about setting up ACH payments today.