ACH Origination
Your time is valuable. Let's save you some.
Modern Business Banking.
You can save time and money by replacing virtually every check-based payment and receivables collection process with Automated Clearing House (ACH)/Electronic Funds Transfer transactions.
The Solution
ACH Origination is available through INSBANK Digital Banking and offers flexible
options - You can upload NACHA formatted files, CSV files, initiate one-off
transactions, and build templates for recurring transactions for:
- Direct Deposit of Pay for your Employees.
- Vendor Payments
- Expense Reimbursement Payments
- State and Federal Tax Payments
- Accounts Receivable Collection - Direct Payments
- Cash Concentration
Security Features
- You maintain administrative rights to create, edit, and delete users.
- Customize user permissions per account and establish ACH limits.
- Utilize dual control to require an approver to release transactions.
- Out of Band Authentication is required for batch approval.
Benefits
• ABA/routing number verification
to validate the accuracy of provided
bank information.
• Reduce potential fraud on
your account.
• Improve cash position forecasts with
predictable transaction posting.
• Simplify account reconciliation.
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