ACH is an electronic network for financial transactions in the United States. It processes large volumes of credit and debit transactions in batches, including direct deposit, payroll and vendor payments.
ACH is available to business customers through U.S. Bank SinglePoint Essentials as an add-on service for a monthly fee.
The ability to create a National Automated Clearing House Association (NACHA) formatted file is critical for the submission of ACH payments for processing but can be a challenge for companies without the IT resources to implement a solution. U.S. Bank partners with Treasury Software, a leading provider of cash management and electronic payment solutions for businesses, to bring you cost-effective solutions for creating the files required to originate ACH files.