ACH origination benefits include:
- originate your direct deposit of payroll
- originate ACH transactions to bill your customers directly, through Online Banking.
- Set up groups based on pay period, pay type (salary, hourly, etc.), groups of clients, or any sort of distinguishing feature.
- Save time by no longer having to print and sign physical payroll checks.
Additionally, with regular ACH transfers you can move money to accounts at other financial institutions. Regular ACH transfers can be set up not only to transfer funds to another accounts, but can be set up to make loan payments as well, and you can set them up to occur automatically at any frequency.
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