ACH

Save time and money with Montgomery Bank & Trust’s electronic transaction processing service. Participation in ACH Origination can reduce the costs associated with manually processing debits and credits. The cost to create and distribute payroll checks ranges from $ .50 to $2.00 per check. If you factor in the hassle of employees trying to get a deposit in on time, second or third shift employees, and absent or sick employees, manual payroll distribution can negatively impact your organization. The cost of Direct Deposit of Payroll using ACH Origination is only a fraction of the cost of manual processing.

Similarly, the cost of manually creating invoices, mailing them to customers, providing a return envelope, waiting for checks to be mailed, and creating deposits averages $1.00 to $3.00 nationally. Some organizations have begun utilizing a "lockbox" operation where payments are mailed to a P.O. Box and processed by a third party, then a single check is sent to the organization. However, lockbox processing still does not get money to your account and can be more expensive than ACH due to paper and mailing costs. Direct debit using ACH Origination is the most cost-effective way of processing any type of receivable that is currently handled manually.

Features and Benefits:

Simplifies your statement reconciliation while improving your cash flow forecasting

Offers complete fixed and variable amount transactions

Eliminates bank costs for receiving and depositing checks

Automates recurring payments

Eliminates the uncertainty of paper payments

Direct deposit means no chance for a paycheck to be lost or stolen

Direct deposit saves the time and cost of making a trip to the bank to deposit funds.

Direct deposit is convenient, safe, and reliable.

You deliver your data to Montgomery Bank & Trust and we do the rest. It is fully automated, electronic and fast. To find out more about this service, email or call us at (912) 537-6500.

*Other charges may apply call or email us today for a quote