What is ACH?
For businesses that need to send transactions
electronically.
• Automated Clearing House (ACH) Network is a
nationwide electronic payment system that is
an alternative to check payments.
• Companies can electronically credit or debit
their employees and/or customers -- a faster
and less expensive clearing process than
ACH
Customer Uses
ACH “Debit” (Receipts)
– Association or club
dues
– Insurance payments
– Utility payments
– Tax payments
– Loan payments
– Internet payments
– Telephone payments
ACH “Credit” (Payments)
Payrolls
Annuities
Customer initiated transactions
(e.g., telephone bill payments)
Pensions
Options for Sending
ACH Transactions
• ACH Payments
• Payroll
• Collections
• Receipts
• Send a File
ACH Payments
Create individual ACH credits to make payments
or transfers directly to accounts at other financial
institutions through internet banking.
4 easy steps to make an ACH payment
Click on Business Apps / ACH payments.
Click Single payment to add new payment information
Enter the account to send the payment from, the date to send the payment, effective date of the payment, beneficiary account, amount, beneficiary name, routing number, and any additional information. Click Submit, enter One Time Pin, click confirm (view page 18 for
Payroll
Schedule batch payments - most often used for
payroll
4 easy steps to process payroll:
Click Business Apps / Payroll
Click manage payees / Add Payees, to add new payment information Enter the client account to debit, send date, effective date, routing
number, account number and amount to send
Collections
Create batch ACH debits from accounts at other
financial institutions to collect money for
periodic dues or other fees.
4 easy steps to use Collections:
Click on Business Apps / Collections
Click Manage Payors to add new payment information
Enter the account number to credit, the send date, effective date, frequency, routing number, account number and dollar amount to debit from the client’s customers
ACH Receipts
Collect individual payments from bank accounts
at other financial institutions
4 easy steps to collect ACH receipts:
Click Business Apps / ACH receipts
Click Single Receipt to add new debit information
Enter the account to be credited, send date, effective date, dollar amount, account number and routing number of the debit payment Click Submit, enter One Time Pin, click confirm (view page 18 for
Send a File
Deliver all forms of ACH transactions through
the bank’s internet banking platform to upload
an ACH formatted file
4 easy steps to send a file:
Click on Business Apps, Send a File.
Choose a txt file type. Then browse to your ACH formatted file. (This could be a payroll file created by the client’s internal software)
Add any comments necessary
EFTPS Tax Payments
Submit your Federal and many State tax
payments online.
You must have advanced approval from the Internal Revenue Service
and/or the appropriate State Tax authority before paying your taxes
through EFTPS.
6 easy steps to send a file:
Register with the appropriate Government Entity (i.e. IRS, Pennsylvania State Tax Department)
Click Business Apps / EFTPS Tax Payments
Set up your Tax Identification number and forms within the Internet Banking system Choose what payment you want to make
Enter amount
Benefits of ACH
•
Timely posting of credits and debits with
prompt availability of funds
•
Secure, convenient way to move money
•
Reduce operating and administrative
expenses
FAQs
Is there a cutoff time for ACH processing?
Yes – All files received by 3 pm will be processed same day and will reach the beneficiary on the effective date.
How quickly can I get an ACH transaction to a beneficiary?
ACH is never a same-day transfer. However, any ACH transaction
FAQs
My old bank required a two-day lead time for ACH payments. Do
you?
While a two-day lead time is the NACHA requirement for ACH files, we will honor next day effective dates when possible.
Can I originate debits via ACH?
Yes. ACH debit processing is available
Can I send ACH payments internationally?
FAQs
Can I stop all incoming ACH payments from hitting my account?
Several block and filter options are available to all customers. The bank does not block payments automatically, but can block all or selected payments from touching an account
