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Business Automated Clearing House (ACH) Manager

ACH Collections

Automated Clearing House is a low-cost electronic funds transfer network that improves your cash flow by electronically collecting payments. Sign up your customers to remit payments to you via ACH and receive funds within 48 hours.

How it Works

  • You obtain an authorization from your customers to electronically draft payments from their accounts
  • You need the bank routing number and checking account number for each customer
  • Input (one time) the customer name, account number, and routing number (at least 48 hours before the due date)
  • Submit your request for payments via the ACH module within the online banking system
  • Payment will be remitted to your account electronically within 24-48 hours

Benefits

  • Saves times and money while improving productivity
  • Mitigates risks of error and costs of paper and postage
  • Increases control of receipts
  • Provides a more accurate prediction of cash flow since you have the control
  • Compatible with NACHA standards and can accept or collect authorized funds from approved entities
  • We provide a token for this product as an extra layer of security

 

ACH Disbursement

ACH Disbursement provides a convenient electronic method for funding your payroll, paying vendors, clients, taxes, and more. Submit recurring payments for payroll as a direct deposit for your employees and utilize the capability of remitting tax payments for Federal and State payments electronically. Whether you have an in-house payroll system or a third party provider, we can provide your employees with direct deposit of their payroll to their checking or savings account. Provide clients with timely payments while controlling the delivery time of the payment to ensure your payment is received by the due date.

How it Works

Payroll:

  • Request employee bank routing and account numbers
  • Input (one-time) this employee information
  • Input the specific payroll amounts two business days in advance of your pay dates
  • Employee's payroll will be remitted to their account electronically on the designated pay date

Vendor/Client Payments:

  • You need the bank routing number and checking account number for each customer
  • Input (one-time) the vendor name, account number, and routing number at least 48 hours before the due date
  • Submit your request for payments via the ACH module within Online Banking
  • Payment will be disbursed from your account electronically within 24-48 hours

Benefits

  • Saves times and money
  • Future date payments
  • Control timing of payment delivery
  • Improves productivity and accuracy
  • Gives employees and vendors a sense of security
  • Eliminates the expense of postage and check writing

 


Fees may apply. Contact 248-737-0300 or e-mail us for more information.

How can we help?

Call and speak with a customer service representative 24/7 - nights, weekends, and most holidays. Or, visit our Customer Support Center to submit a request for assistance, chat with our team, and view frequently asked questions. 

 

Thank you for visiting https://www.levelonebank.com/Business/Commercial-Depository-Services/Treasury-Management/ACH-Manager
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