ACH Cash Management
Automated Clearing House (ACH)this is a nationwide electronic payments system that offers business customers an alternative to checks and other paper-based transaction by giving them the ability to electronically debit and credit checking and savings accounts. Our Cash Management program also gives you the ability to originate wire transfers and create and control access to multiple users within your business. It is convenient, cost-efficient and time-saving. ACH Cash Management is safe and secure as Peoples Bank employs state-of-the-art technology to keep your information secure and all sensitive information is encrypted.
Benefits of Direct Deposit:
- Reduced costs Fewer checks to buy, lower account charges, lower costs for check distribution
- Increased efficiency Eliminates time to print and sign checks; easier and quicker check disbursement; eliminates lost/stolen paycheck problems; reduces the need for storage space for canceled checks; fewer incorrect pay amounts from typing checks
- Increased employee benefits No need to make a trip to cash or deposit checks; increased confidentiality of payroll; eliminates payroll problems for sick, traveling, or vacationing employees
Benefits of Direct Payments:
- Reduced costs for billing (invoice printing, return envelopes, postage, etc.)
- Improved cash flow Immediate access to the funds on the date due; credit account is known in advance.
- Increased efficiency Eliminates time to create invoices; fewer incoming checks to process.
- Improved delinquency ratio Receive more payments on time