ACH Origination
The more convenient, secure, and low cost way to move money.
The Automated Clearing House (ACH) is a nationwide system that processes large volumes of electronic credit and debit transactions and provides for the exchange of information among financial institutions. Because it eliminates the cost and time associated with paper checks, ACH services can help improve your business cash flow, whether you’re issuing or receiving a large number of checks, making payments or processing payroll.
Common Transactions
ACH is ideal for a number of common transactions, such as Collections and Disbursements.
- Pre-Authorized Collections: ACH Origination enables you to debit business and consumer accounts on the effective date for recurring payments, invoices and dues.
- Direct Deposit: This service permits you to automatically deposit funds into your employees’ bank account for recurring payroll.
- Vendor Payments: Allows you to settle payables using ACH credits.
Benefits
You can pay vendors, suppliers, government taxes and employees and see the following benefits:
- Check fraud mitigation
- Improved cash flow due to expedited funds
- Prompt payments and simplified processing
- Scheduled payments
- Elimination of check printing, distribution, loss and reconcilement expenses
ACH Origination through Online Banking
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Visit with a FNB Specialist about ACH Origination.
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