Automated Clearing House Origination
The automated clearing house (ACH) is a nationwide mechanism that processes electronically originated batches of credit and debit transactions. ACH credit transfers include direct deposit of payroll, Social Security benefits, and tax refunds, as well as payments to contractors and vendors.
ACH debit transfers include direct debits of consumer and business accounts for the payment of mortgages, bills and tax obligations. The ACH network can also be used to convert check payments into debit transfers.
ACH Origination Services
- Payroll direct deposit
- Membership dues
- Rental fees
- Cash concentration
- Vendor payments
Benefits of ACH Origination
- Convenience
- Time savings
- Peace of mind
- Increased confidentiality
- Improved access to funds