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Automated Clearinghouse Services
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Guaranty Bank's Automated Clearing House (ACH) Services save you time by eliminating the need and expense of processing and distributing paper checks. Utilizing the Automated Clearinghouse Network, a direct transmission enables the electronic transfer of a variety of payments and/or receipts, including employee payroll and vendor payments among others. Because you create the files and control the transmission of information to Guaranty, you know the precise settlement dates for collection and disbursement activity.
To use our ACH services, you will need to maintain an account at Guaranty Bank. Guaranty Bank will transmit your ACH credits and/or debits to their designated bank accounts and post the offsetting ACH transaction to your account at Guaranty.
Features of Automated Clearinghouse Services
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- Posts funds immediately to recipient bank accounts
- Works with Guaranty's Information Reporting Systems which can facilitate ACH transmissions
- Saves you time by automating the distribution of employee payroll
- Offers user-friendly data entry through sequential, logical menus and NACHA formats
- Gives you improved flexibility enabling you to future date selected transactions and manage your payment process more efficiently
- Enhances security with authorizations and controls defined at multiple levels
- Includes a complete library of approved state and federal tax templates
Please contact our Guaranty Bank Treasury Management Representatives for additional information about any of our treasury management services.
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