Automated Clearing House payments can help your business save time and money.
ACH payments are used to electronically transfer funds between financial institutions and are great for recurring things like:
- Paying bills.
- Direct deposit of payroll.
- Receiving payments from customers.
- And making federal tax payments.
Advantages of ACH payments include:
- Convenience for regularly scheduled transactions.
- Lower processing fees than transactions completed by check or credit card.
- Transactions are generally processed quickly.
- Greater security than using checks because these transfers are less subject to signature fraud or loss in the mail.
- You’re informed when a transaction is complete so you can be assured that payments are made.
This type of payment automation can also help improve business cash flow and cut administrative costs.
And if you do online business banking, you can set up ACH debits or deposits when it’s convenient for you. You’ll also be able to set necessary employee access permissions.
Come in and ask us how ACH can benefit your business and how we can help you get started.