ACH and Wires
Automatic Clearing House (ACH)
What is ACH? “The ACH Network is a highly reliable and efficient nationwide batch-oriented electronic funds transfer system” (www.nacha.org) governed by the National Automated Clearing House Association (NACHA) Operating Rules. NACHA governs clearing of electronic payments between participating financial institutions. The Federal Reserve and Electronic Payments Network act as ACH Operators through which financial institutions transmit or receive ACH entries.
- Collect your receivables with an electronic debit to your customers' accounts.
- Deposit payroll directly to your employees' accounts.
- Pay your taxes electronically (requires IRS application).
- Move your funds to and from other financial institutions (also known as Cash Concentration).
- Upload ACH files created by other programs.
- Create and manage ACH files online.
Wires
- Send funds to receiver's qualifying domestic bank account.
- Create and send wires electronically to any domestic recipient.
- Create wire templates for high-volume recipients.
- Password-protect each wire or template.
- Get access to the friendly professionals who run our wire department.
- Dual authorization sending options.
- International wires available through any of our branch locations.
How do you set up ACH or Wire services for my business? Contact one of our friendly Bank of American Fork Business Development Representatives today!
For more information on ACH and Wires call us in Utah County at (801) 642-3456, in Salt Lake County at (801) 428-1046, toll free at (888) 842-3456, or visit one of our 11 branches.