ACH Overview

An ACH payment is a method of sending funds electronically through the federal government’s Automated Clearing House (ACH). ACH payments are typically created and sent in batches. At the time of payment, funds are withdrawn from the business checking account, and transferred to the recipient, known as the participant.

Creating an ACH requires information about the participant, including specific details about their financial institution and account number. Because you could have hundreds of participants that may receive regular ACH payments, UltraBranch Business Edition (UBBE) helps simplify the process. Whenever an ACH is created, the participant can be added to a list of participants for future use. You can also import participant information from your own files. Finally, you can create ACH templates that allow you to quickly create new batches based on previously-defined criteria.

The process for sending an ACH batch includes:

  1. Creating and scheduling the ACH batch
  2. Approving the ACH batch (if the transaction exceeds pre-set company-wide limits)

User can be authorized to create, change, hold, delete, and approve ACH batches.

ACH Limits and Permissions

The ability to electronically send funds to other people or companies is convenient. At the same time it is subject to risk, even from within your own organization. To help protect your company, UBBE employs a number of safeguards.

ACH Payroll Quick Setup

One common use for ACH payments is company payroll. See ACH Payroll Quick Setup to help get your payroll up and running quickly.