Automated Clearing House is an electronic network for conducting financial transactions in the United States. This can include direct deposit payroll and vendor payments. Businesses can also use ACH to collect from customers. With ACH Origination through Online Financial Manager, our Business Online Banking solution, your business can create electronic payments and deposits for debit or credit transactions.
While results depend on multiple factors, potential benefits can include:
- Streamlined collections
- Convenience – no need to make a trip to cash or deposit checks
- Improved access to funds
- Greater efficiency
- Improved cash flow