The Automated Clearinghouse (ACH) network is a system which allows customers of a financial institution to electronically debit or credit accounts of customers at other financial institutions across the United States. The system is used by over 98% of financial institutions. ACH files carry basic information like customer name, routing number, account number, transaction amount, and the effective date. They can also include additional information in an addenda record such as an invoice number or shipping information.
American National Bank offers many types of ACH origination. Our customers can initiate their payroll, state or federal tax payments, vendor payments and receipts, collections, or child support payments. Our system is also capable of uploading ACH files created on a separate system. We have all the services needed to help local businesses transition into an inexpensive and easier process.
There are many benefits to ACH processing, including predictable income stream and quicker payment processing. ACH transactions also help to reduce the stress and expense of check writing. It allows for more streamline bookkeeping and easier processing for your customers and employees.
If you would like more information regarding ACH processing, or are ready to get started on this enhancement of your business, please just give us a call. Our Commercial Services Department is available Monday thru Friday, 9 a.m. to 4 p.m. at (940) 397-2400.