Manage payables and receivables
It’s convenient, reliable, and secure
Schedule and make electronic payments and deposits. As part of your overall cash flow management strategy, an ACH transfer account can help you improve cash flow and make your bookkeeping more efficient.
Drummond Community Bank offers a variety of treasury management services for every type of business. Contact us to learn more about accepting ACH payments and how it can help your company thrive.
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Get ACH for your business!
At Drummond Community Bank, our mission is simple. We strive to provide you with the very best banking services and sound business decisions all while giving back to the Florida communities we serve. To you we may just be a bank, but we’re a bank that wants to help you and your money grow. Learn more about ACH services by visiting one of our branch locations in Bronson, Cedar Key, Chiefland, Cross City, Crystal River, Gainesville, Lake City, Ocala, Trenton, and Williston!
Need Help Deciding?
If it’s your first time accepting ACH payments, or you’re unsure which type of cash management services is right for you, we can help. The key to making a smart financial decision begins with understanding the benefits of each product and determining which one meets your goals. Give us a call or visit your nearest Drummond branch.
Benefits of ACH Management
ACH Origination offers many benefits to businesses, such as:
- Cost Reduction: ACH processing is typically cheaper than credit card transactions or check writing.
- Cash Flow Management: Enjoy greater control over funds and increase the dependability of your cash flow.
- Convenience: ACH payments are easier for both your business and its customers.
- Security: Eliminates the risk of check forgery or lost/stolen checks. More secure for businesses and customers both.
Increase Efficiency and Convenience
Accepting ACH payments will make life easier for your customers, while also saving your business time and money.
What is the Automated Clearing House (ACH) Network?
The Automated Clearing House Network, or ACH, is a network used for electronically moving money between bank accounts across the United States.
What are ACH payments?
An ACH payment is a type of electronic bank-to-bank payment. The ACH system is a way to transfer money between bank accounts, rather than going through card networks or using wire transfers, paper checks, or cash.
How long does an ACH payment take to process?
ACH transactions typically take 3 working days to appear in your bank account.
What is the difference between ACH and wire transfer?
An ACH transfer is completed through a clearing house and can be used to process direct payments or direct deposits. Wire transfers allow for the movement of money from one bank account to another, typically for a fee.
How Safe Are ACH Transfers?
ACH transfers are regulated and designed to prevent fraudulent transactions. They can also be safer than certified checks, cashier’s checks, or personal checks. It’s important, however, to initiate ACH transfers or receive them only from trusted entities.
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