Automated Clearing House payments can help your business save time and money.

ACH payments are used to electronically transfer funds between financial institutions and are great for recurring things like:

• Paying bills
• Direct deposit of payroll.
• Receiving payments from customers.

Advantages of ACH payments include:

• Convenience for recurring transactions
• Lower-cost processing fees compared to credit cards and checks
• Transactions settle on the date you want them to settle
• No worry of check fraud or checks lost in the mail
• Eliminate cost of check printing and storage
• No need for employees to leave work to deposit their paychecks
• Faster receivables to improve cash balances

This type of payment automation can also help improve business cash flow and cut administrative costs.

If you do online business banking, you can set up ACH debits or deposits when it’s convenient for you. You’ll also be able to set necessary employee access permissions. Find out about other Merchant Services we offer at First National Bank Bemidji. Or come in and ask us how ACH can benefit your business and how we can help you get started.