With ACH Origination, you would create 4 transaction files and send them to Peoples First Community Bank. Direct deposit is the most common transaction using the ACH network. Direct Deposit allows a business to pay an employee for payroll, expense reimbursements, bonuses, pensions, and dividends to a checking or savings account at a financial institution located in the U.S. Direct deposit saves the time and cost of making a trip to the bank to deposit funds. Direct deposit means no chance for a paycheck to be lost or stolen. Originating companies reduce leave time for employees.
Direct deposit is convenient, safe, and reliable.
This is used for recurring payments to a business. This can be used to collect club dues, rent, utility, insurance, and mortgage payments. Funds are made available immediately upon deposit. Receiving fewer return items. Enhancing customer retention.