ACH Origination

You can save time and money by replacing virtually every check-based payment and receivables collection process with Electronic Funds Transfers also known as Automated Clearing House (ACH) transactions.

The Solution:

ACH Origination is available through Business Online Banking and offers flexible options - You can upload NACHA formatted files, initiate one-time transactions, and build templates for recurring transactions for:

  • Direct Deposit of Pay for your Employees
  • Vendor Payments
  • Expense Reimbursement Payments
  • State and Federal Tax Payments
  • Accounts Receivable Collection - Direct Payments
  • Cash Concentration

Transactions initiated by 5:00 pm EST/4:00 pm CST will be processed the same business day.

You'll receive timely notification of ACH Returns, Notification of Change, and EDI payment advices via email with FedPayments® Reporter Service. 

Benefits:

  • Reduce the potential for fraud on your account.
  • Improve cash position forecasts with predictable transaction posting.
  • Immediate funds availability on incoming credit transactions.
  • Simplify account reconciliation.

Security Features:

  • You maintain administrative rights to add, edit, and delete users.
  • Customize user entitlements by account and function and establish transaction limits.
  • Optional Dual Authorization to release transactions.
  • Out of Band Authentication.

System Requirements:

Business Online Banking works best with Internet Explorer 7 or higher (Windows), Firefox 3.5 or 3.6 (Windows), or Safari 4.0 (Mac OSX). Other browsers have not been tested for compatibility and may display some content incorrectly. Please note that JavaScript must be enabled for full functionality.

Options:

ACH Origination services are available with our Business Online Banking - Plus, Pro, and Corporate packages.

 

Additional limitation and requirements may apply. For more information or to upgrade your Business Online Banking package, call our Business Solutions team at 1.866.833.0050.