First there were paper checks and wire transfers; now, there's ACH, the more convenient, secure, and low cost way to move money. The Automated Clearing House (ACH) is a nationwide system that processes large volumes of electronic credit and debit transactions and provides for the exchange of information among financial institutions. Because it eliminates the cost and time associated with paper checks, ACH services can help improve your business' cash flow management, whether you're issuing or receiving a large number of checks, making payments, or processing payroll.
You can pay vendors, suppliers, government taxes and employees - all while reaping the benefits:
Create your ACH debit or credit transactions via ProvidentConnect, our comprehensive Online Banking Module, or upload a NACHA-formatted file through our secure server.
ProvidentConnect provides you with the tools you need to control your payment processing - all in one place. Initiate and manage ACH transactions, receive confirmation reports for reconcilement and review detailed account activity history.
ACH is ideal for a number of common transactions:
Take advantage of one of the largest electronic transaction networks in the U.S. and enjoy the peace of mind that comes with knowing your financial transactions are fast, safe and easy. To learn more about Provident's ACH services, other cash management services, and general business development, join our LinkedIn Forum!