ACH

Improve Cash Flow with ACH Disbursements and Collections

Take advantage of the increased speed and efficiency of electronic transactions processed through the Automated Clearing House (ACH). California Bank & Trust’s ACH Services are a convenient and effective method for managing your daily cash flow, allowing you to:

• Disburse any type of payment, including payroll, expenses, dividends, and retirement benefits—with payment automatically credited to your payees’ accounts on a pre-established date.
• Collect regularly occurring receivables, such as membership dues, rent payments, insurance premiums, and mortgage/installment payments – with pre-authorized automatic withdrawals from your customers’ accounts.
• View your daily ACH activity online through CalBank Network, CB&T’s Internet cash management service.
• Maintain and initiate ACH batches online using CalBank Network’s ACH module, or send an ACH-formatted file directly to us for processing.

Advantages of CB&T’s ACH Disbursement Services:

Reduced expenses by eliminating the cost of ongoing check preparation, mailing, and reconciliation. ACH transactions are also less costly than paper items, and late payment charges are less likely to occur.

Convenience for your employees by having their payroll or expense reimbursements deposited directly, saving them the time and trouble of depositing checks.

Controlled timing of disbursements since you know exactly when your account will be debited.

Advantages of CB&T’s ACH Collection Services:

Convenience for your customers, saving them the time and expense of mailing payments, while avoiding late payment charges.

Improved cash flow and funds availability with elimination of both mail and check processing float associated with receivables. And with pre-established payment schedules, you can predict with confidence daily amounts that will be credited to your account.

Reduced expenses by decreasing the time and cost of manually handling statements and coupons, as well as tracking and collecting late payments.

Reduced risk since return item information is accelerated and can be reported as soon as next business day.

ACH Reversal Deletion Form