Business ACH & Wires

The speed, security and flexibility you need for electronic payments.

Do you use efficient and secure Automated Clearing House (ACH) transactions? How about speedy bank-to-bank wire service payments?

Katahdin Trust has the powerful resources and expertise you need to securely manage your electronic transactions.

 

ACH Services

Reduce Your Risk of Fraud

ACH services let your business make and receive payments of all kinds. This all without the inconvenience of cutting or depositing paper checks. Payment types include:

  • Direct deposit of payroll
  • Preauthorized debits
  • Payments to vendors
  • Business to Business payments
  • Tax payments

The benefits of ACH are significant. It’s convenient, cost-effective and provides fast access to funds. It also reduces the risk inherent in dealing with checks. In accordance with the rules and regulations of ACH, no financial institution may issue an ACH transaction towards an account, be it debit or credit, without authorization from the recipient.

ACH also gives your business considerable control and flexibility, including the ability to:

  • Create templates for repetitive payments or collections
  • Submit batches for next-day settlement
  • Schedule an ACH up to 30 days in advance
  • Define settlement dates and/or frequencies up to a year in advance
  • Import a NACHA or CSV file
 

Wire Transfers

The fastest way to move funds across the country or around the world.

Wire transfers are the fastest, most convenient way for your business to move funds quickly and securely around the country or the world. Unlike ACH, which provides next-day transfer of funds, wire transfers provide same-day, near-immediate transfer of funds.

Make or receive domestic and international wire transfers with ease.

Katahdin Trust offers domestic, international (U.S. dollar and foreign currency denominated), book or internal, draw-down and reverse draw-down and automatic standing wires.

Wire transfers are ideal for businesses that want to:

  • Send immediately available funds quickly for a purchase or other business need
  • Initiate large dollar payments and/or high volumes of wires, typically more than 100 per day
  • Interface directly with transactions generated within the bank’s wire system
  • Make or receive international payments
  • Immediate funds availability
  • Security
  • Easy initiation options
  • Repeating transfer options
  • Automated batch input

Contact us today to learn more about putting the power of Katahdin Trust ACH and Wire Transfer services to work for you.

 

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