ACH Credits
Utilizing Bank of Oklahoma's Automated Clearing House (ACH) service, your company may initiate credit/debit entries destined for accounts at financial institutions across the nation. With ACH credits, your company may automatically disburse funds to your customers and employees.
The ACH Credit service is used largely for direct payroll deposit, vendor payments, tax payments, dividend payments, interest payments, and annuity payments.
Bank of Oklahoma's NetConnect ACH service provides your company the capability to set up and control ACH transfers quickly and easily via the Internet. This secure system provides a convenient and inexpensive way to integrate ACH applications into your treasury management system.
Benefits
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Your company will realize cost savings and personnel efficiency as paperwork resulting from a paper check environment will be reduced significantly.
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ACH credit entries are convenient to all parties to the transaction.
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Your cash manger will have greater control of your company's cash position.
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