Small Business ACH
Small Business ACH is best for small business clients who want the ability to pay others (business or individual) electronically, with a limit up to $25,000 per day.
Commercial Business ACH
Commercial Business ACH is best for businesses who want to pay and collect funds electronically and need a custom monthly limit.
In today's instant world, faster payments have become a necessity to keep up with speed of business, big and small. That's why the ACH Service in Business Online Banking will enable you to pay and collect with greater speed, accuracy and efficiency.
Ways to Use ACH
- Direct Deposit
Pay your employess and/or contractors.
- Collect Payments
Collect rent or dues in a single electronic batch file.
- Business Payments
Send funds to suppliers and other vendors.
- Cash Concentration
Consolidate funds from various locations
Same Day ACH
The National Automated Clearing House Association (NACHA) has implemented a change to the operating rules which allows ACH payments to be processed the same day they are submitted. This change speeds up money movement within the ACH network and allows businesses to pay, and be paid, faster.
Same Day ACH* transactions received before the 9:00am cut-off time will be processed and settled that day.