Automated Clearing House (ACH) Origination Service

ACH provides easy access and convenient funds transfer options, including:

• Direct Deposit of Payroll - Payroll is automatically deposited to your employees' checking and/or savings account(s) at their banks. Direct deposit ensures that your employees receive timely deposit of their paychecks and lowers your company's processing costs.
• Vendor Payments - This feature reduces accounts payable paperwork and related costs by offering automated recurring payments.
• Account-to-Account Transfer - Funds can be transferred from accounts at one bank to another, or within the same bank. This service provides an alternative to wire transfers or manual transfers.
• Electronic State and Federal Tax Payments - Many types of tax payments can be made electronically. This feature eliminates the need to bring the tax payment coupon or faxing instructions to the bank for processing.
• Returns and Reversals - Your company can originate a return or reversal of entries processed or received in error.