ACH debit transactions are most often originated by bank customers for recurring payments from their customers. Using a safe and secure web interface a bank customer can originate a batch of withdrawals from it’s customer’s account, provided they have written permission to do so.
Good examples of ACH debit transactions are monthly insurance payments, gym membership dues, and subscriptions for periodic services.
Just the opposite of ACH debits, ACH credit processing allows you to originate a payment from your account to one of your vendors or other parties, using the same encrypted web interface.
Examples include federal tax deposits, payments to vendors that you want to wait until a certain time of the month to pay them, and the most common type, employee payroll deposits.
Both ACH debits and credits require you to have the other party’s bank routing and account numbers. Other than a minor amount of record-keeping, handling ACH transactions is easy and fast. Training is easy and our bank provides you back-up support help when you have a question.