Automated Clearing House (ACH) Credit Origination[cite::120::cite] allows you to initiate electronic transactions through the ACH Network. This includes distributing funds to your own accounts, to your vendors’ accounts, or to your employees’ accounts for Payroll and Expense Reimbursements.

• Ends the administrative costs of ongoing check preparation, mailing, and reconciliation.
• Saves money—ACH transactions are less costly than paper items.
• Eliminates check stop payment charges and re-issue costs on lost or stolen checks.
• Helps to avoid interest and late charges on payments.

• Convenient and time-saving for employees by eliminating the need to deposit checks.
• Helps manage your accounts through controlled timing of disbursements – you always know when the account will be debited.

Payment instructions are sent in an industry-standard NACHA[cite::121::cite] format, generated either through your own system, a payroll vendor or other third-party processor, or the ACH module of our Treasury Internet Banking service. This service allows scheduling disbursements for any type of payment, including vendor payments, federal and state tax payments, and employee payments such as direct deposit payroll, expense reimbursements, and pension payments.

• Transmit ACH files for processing through Direct Transmission, Secure File Transmission, or manually or imported into the Treasury Internet Banking service.
•  Future-dating of transactions is allowed (up to 30 calendar days for files sent through transmission; up to 45 days for batches manually entered or imported using the Treasury Internet Banking service).