Payables (Disbursements) - Automated Clearing House

In order to access the ACH network a company must send instructions in a standard format to its originating bank, which passes them to the network that will then affect settlement on a future date. Direct deposit of payroll to an employee’s account is the most common credit transfer, but others include: dividend payments, annuities, interest payments and social security payments. ACH can also be used to debit your accounts at Country Club Bank or concentrate funds from other bank accounts.

Benefits

• Increases your control over funds movement and settlement.
• Allows each transaction to be easily tracked and never lost.
• Is a readily accepted means of payment by consumers and companies.
• Allows transactions to be initiated for repetitive or one-time payment.
• Reduces the cost of disbursement, eliminating the need for payroll checks, which lowers administrative costs due to writing checks and mailing bills.
• Reduces the risk of lost or stolen checks.

For more information please email a Treasury Management Representative , or call (816) 931-4060.