F&M’s Automated Clearing House services is a perfect match for companies looking to expedite their receivables. The ACH Network can be used to concentrate cash from your multiple locations across the region or country into a single consolidated account. The ACH system also enables you to set up pre-authorized ACH debits for your customers. Simply have your customers enroll with your company for this program.
Benefits:
- ACH Files can be sent through the online banking system, DirectConnect, in NACHA format or in a customer defined ACH template
- Inexpensive method of cash collection in a controlled environment. ACH transactions can be collected on a next day basis
- Timely reports available, including ACH Returns and Notices of Change.