Automated Clearing House (ACH) Services
Increase your efficiency, reduce your paperwork and streamline your cash forecasting.
ACH Service Benefits
- Automate receivables process
- Stabilize cash flow through recurring payments
- Reduce receivables expense
- Efficiently manage and distribute direct-deposit payroll
- Make your federal tax payments
How ACH Services Work
- The Automated Clearing House is a processing and delivery system that provides for the distribution and settlement of electronic credits and debits among financial institutions
- The ACH Network is used to efficiently handle payments without paper checks, such as remitting Social Security benefits or payroll
- Financial Institutions also receive many direct debits, under which the debtor gives his or her authorization to debit his or her account upon the receipt of an entry issued by a creditor. Streamline your administrative and business operations with ACH services.
Same Day ACH Benefits
- Reduce cost for expedited payments
- Improve cash flow/forecasting
- Decrease processing/payment cycle for invoices
- Decrease Days Payable Outstanding
- Improve working capital and cash management
- Provide predictable time for disbursements
How Same Day ACH Works
- Same-Day ACH payments can be sent to—or collected from—almost any bank account in the U.S.
- Payments or collections initiated within designated times are received and settled the same day.
- Banks are required to receive Same-Day ACH payments and debits and to update accounts the same day.
*Monthly service charges may apply.
For more information, please contact us at treasury@cbtcnet.com or at
731-884-4201.
*Please DO NOT include any account numbers, social security numbers or any sensitive personal financial information in your emails to us. Information you submit via email is not encrypted and can potentially be read by others.
