Article details provided by Shantel Laird, AVP, Commercial Deposit Officer
Automated Clearing House (ACH) is an electronic network for business financial transactions. It processes credit and debit transactions, including direct deposit, payroll, and vendor payments.
- Streamlining payments by eliminating paper checks, helping to improve business efficiency and cash flow.
- Make and receive payments of all kinds and get fast access to funds.
- Help reduce your risk of fraud, as transactions cannot be issued without authorization.
- Provides control and flexibility, including the ability to create templates for repetitive payments or collections; schedule an ACH up to 30 days in advance; and import files compatible with a NACHA format.
Contact Shantel Laird, AVP, Commercial Deposit Officer, to discuss if our ACH add-on service can help your business.