![]() Dual approval and dollar limit controls provide added protection against fraud. State Savings Bank’s online wire transfers provide a reliable, secure method for transferring domestic or USD international payments. Collecting items through ACH also means fewer errors compared to traditional check methods. With automated clearing house (ACH) collections, you can eliminate the slow and time consuming process of collecting and processing recurring payments from customers. ACH is also useful for one-time payments.īusinesses can convert receivables into working capital quickly. Electronic Automated Clearing House (ACH) payments is ideal for recurring payables such as payroll, expense reimbursements, vendor payments, pensions, taxes, and child support. Through information reporting, businesses can view opening, closing and interim balances, determine your cash position, and make decisions on investments and transfers.īusinesses save the time and the expense of writing, processing, mailing, and reconciling checks. Decide on positive pay exception items, view information on returned deposits, and originate stop payments.
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