ACH Payment Processing for Business

ACH banking is an electronic network for financial transactions in the United States. It processes large volumes of credit and debit transactions in batches, including direct deposit, payroll and vendor payments. 

ACH bank benefits:

• ACH streamlines the payment process by eliminating paper checks, improving efficiency and cash flow management

• Allows businesses to make and receive payments of all kinds and provides fast access to funds

• ACH services can reduce your risk of fraud since a transaction towards an account, be it debit or credit, cannot be issued without authorization from the recipient

On average, ACH transfers take one to three business days.

Yes, the cutoff time for initiating same-day payments is 8:00 pm CT. If you send a payment at 8:00pm CT, the payment will process the next day.

ACH payments sent from a multi-owner business account will require dual approval.

No, If the payment recipient has not received funds after three business days, please contact Customer support for business.

After you submit your payment, you’ll see the U.S. Bank confirmation page. It will include the date your ACH payment will be sent, when it should arrive, your memo and the transaction number. We’ll also email you a confirmation.

The ability to create a National Automated Clearing House Association (NACHA) formatted file is critical for the submission of ACH payments for processing but can be a challenge for companies without the IT resources to implement a solution. U.S. Bank partners with Treasury Software, a leading provider of cash management and electronic payment solutions for businesses, to bring you cost-effective solutions for creating the files required to originate ACH files.

ACH financial transactions are usually safer because funds are reversible in cases of fraud or error, but both options are highly secure.