Business ACH & Wires

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

Whether you use efficient and secure Automated Clearing House (ACH) transactions or 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 allow your business to make and receive payments of all kinds 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, drawdown and reverse drawdown and automatic standing wires.

Wire transfers are ideal for businesses that seek 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

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