Automated Clearing House (ACH) is a great way to move money quickly and inexpensively. Manage and automate transactions for direct deposit of payroll, expense reimbursement or transfer funds between financial institutions. Hickory Point Bank provides flexible options along with expert staff to assist in the implementation and support of your program, including both the technical and practical aspects of using the ACH network.
Click here for ACH Rules & Updates
- Features:
- Direct Deposit of Payroll – Submit transactions to be posted the morning of pay day for each of
your employees no matter where they bank. - Cash Concentration – Pull money from bank accounts at other financial institutions into to save the
expense and time of using checks to make transfers. - Pay your suppliers, vendors, and employees and reduce costs of disbursing funds. Send payments
electronically to your vendors or use our ACH software to include information about specific invoices that
are being paid with each transaction. - Easily build databases using templates. You can also date your ACH batches so entries can be warehoused
for up to 30 days in the future.
- Direct Deposit of Payroll – Submit transactions to be posted the morning of pay day for each of
- Benefits:
- Reduce manual systems and costly handling functions while streamlining accounting operations.
- Create more predictable cash flow.
- Reduce paper disbursement costs, lost checks, and fraud expense.
- Increase payee satisfaction through prompt payment and improved tracking.