Union Bank & Trust offers a variety of Automated Clearinghouse (ACH) services that allow you to eliminate paper checks by converting to electronic payments. ACH is cost-effective, secure and you will know exactly when your collections and disbursements will clear. You can track your company’s cash position accurately and base treasury management decisions on precise information.

ACH applications include:

• Cash Concentration — Consolidate balances into a central account for better control and simplified funds management.
  
  
• Corporate Trade Payments — Transfer funds and information directly from company to company by utilizing Electronic Data Interchange (EDI).
  
  
• Direct deposit of payroll — Paying your employees electronically cuts payroll processing time, eliminating printing, preparation, reconciliation and special handling of checks.
  
  Union Bank also offers Direct Deposit services through a small business package for businesses that qualify. Contact our Treasury Management Services department for more information.
  
  
• Pre-authorized debits — Automatically collect regular recurring payments from your customers. The speed and accuracy of ACH pre-authorized debits reduces or even eliminates the expense of billings, collections and reconciliation, and improves receipts forecasting.
  
  
• Returned Check Collection (RCK) — Electronically debit your customer’s account after their check is returned to you for insufficient or uncollected funds.
  
  
• Vendor payments — Paying vendors electronically reduces the number of paper checks you will need to handle. ACH vendor payments are fast, easy and accurate, reducing administrative time and costs. Additionally, ACH vendor payments eliminate the potential fraud risk associated with mailing paper checks through the postal system.

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Web Cash Manager, our Internet ACH software, allows you to transmit a NACHA formatted file directly to the bank, or create and save databases with ACH transaction information. Web Cash Manager also allows you to set up recurring transactions, creating ongoing efficiencies for you month after month.

ACH has proven to be one of the most effective, secure methods of funds transfer available.