ACH transactions include vendor payments, direct deposit of payroll, tax payments, donations, dues, rent payments, collections, and more. Other Benefits include:
Get paid faster and reduce fees
Moving funds electronically from one bank account to another allows you to get paid faster and may reduce or eliminate fees associated with more labor-intensive transactions.
Reduction of fraud
With check fraud on the rise ACH payments help reduce this risk. ACH transactions also reduce the dissemination of your information that is found on the check.
Higher reliability of payments
An ACH transaction means quicker access to funds. With the predictability of the timing of your payments, you will have better visibility of your working capital!