ACH (Automated Clearing House)
ACH is a nationwide payment transfer network responsible for connecting all depository financial institutions together including our banks.
Typical transactions are those that process a large volume of transactions. This includes both credit and debit transactions as might be the case with both payroll, vendor payments, social security benefits, tax refunds, etc.. This service can also be used for mortgage loans, insurance, etc.
One of the benefits is that it’s faster and less expensive than processing paper checks. In the case of larger E-Commerce customers, ACH might be of even more value. If your organization believes it might benefit by using ACH, please call for more details.
Interested in what 1st National can do for your business? For more information, please give us a call or drop us a e-mail. Between our well rounded inventory, Class A Settlement Banks & Processors, and a full suite of Merchant services, our talent agents are sure to be of value.