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Automated Clearing House (ACH)
Using F&M Bank's Online Banking for Business ACH service, you can initiate credits and debits to business and consumer accounts with minimum effort and maximum efficiency. ACH funds transfer is a low cost means of assuring your payments move quickly and efficiently, meeting your payment schedules without tying up funds for the ordinary check clearing process. You have absolute control over timing disbursements to match cash availability in your account. ACH transfers can also help decrease check fraud.
| Use this service for the following: |
| Employee Direct Deposit: Electronically send pay checks, expense reimbursements, bonuses or commissions to employees' accounts at any bank in the U.S. |
| Vendor Payments: Send payments electronically to vendors and suppliers. |
| Collect one-time and recurring lease payments, donations, membership dues, and tuition payments. |
| Concentrate cash from remote sites. |
| Other Applications: Dividends, interest payments, and more. |
Reduce accounts payable paperwork and administrative time with our cost-effective ACH Credit Origination Services.