What is Business ACH?

• Automatic Clearing House (ACH) is a U.S. financial network that is used to make direct payments electronically from one account to another, and is especially beneficial to small businesses looking to make safe and convenient payments, conduct payroll, and otherwise process routine transactions securely.

What are the benefits?

• Improved cash flow: ACH payments eliminate the time and cost of paper checks enhancing the flow of cash from one point to another.
• Lower costs: ACH payments are more cost effective than other payment methods, such as credit and debit cards.
• Security: ACH data is encrypted making them safer than paper checks and wire transfers.
• Convenience: ACH payments may be automated lifting the burden of remembering for small business owners.
• Faster processing: ACH payments are quick and painless, and electronic delivery makes it faster than traditional methods.
• Reduced need for paper: ACH payments are electronically processed eliminating the need for paper invoices and checks.

How do I get started?

• To benefit from this service you must first establish UFCU membership by opening an account online or at one of our branches. Existing UFCU members with access to their account/s via online banking may find the ACH icon on the first page after logging in. Once users are on the dedicated ACH page within online banking members will be able to set up participants, or those within an ACH batch that a business user is either debiting or crediting via ACH.