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The term Automated Clearing House (ACH) refers to the nationwide electronic funds transfer system which moves large volumes of transactions between participating financial institutions. There are ACH rules and regulations established by the National Automated Clearing House Association (NACHA) and the Federal Reserve Bank (FED) to ensure the secure processing of these electronic transactions. ACH Origination is the process of authorizing a financial institution to debit or credit a particular account.
Business account holders may wish to consider the benefits of offering employees the option of payroll direct deposit or offer their customers the option of paying an invoice or recurring payment through the ACH process. ACH Origination is a cost effective, efficient way to conduct business.
ACH Origination is not only for business account holders. Individuals wishing to make recurring payments (such as a house payment) may also elect to have their account electronically debited. This method ensures that the payment will be received promptly. With such busy schedules, our customers have learned to rely on the convenience of ACH Origination.
For more information about ACH Origination, call us at (270) 756-2166 or contact
us.
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