FDIC-Insured – Backed by the full faith and credit of the U.S. Government
FDIC-Insured – Backed by the full faith and credit of the U.S. Government
Simplify payroll, vendor payments, and receivables while improving cash flow predictability and reducing reliance on paper checks.
Initiate electronic payments directly from your business account.
Collect funds electronically from customers or members.
BankSouth’s Business Online Banking is designed for efficiency and control.
Automated Clearing House (ACH) services help your business move money efficiently, securely, and on schedule. Whether you’re paying employees, vendors, or collecting recurring payments, ACH gives your business a smarter, more cost-effective way to manage everyday transactions.
By replacing checks and manual processes with ACH, your business gains better control, quicker processing, and cash flow visibility.
Our Treasury Management team provides hands-on support, training, and ongoing service to help your business get the most from ACH. From initial setup to daily use, we’re here as a trusted partner.
ACH Services are ideal for:
If your business processes payments on a regular basis, ACH can help you work more efficiently.
While both ACH payments and wire transfers move money electronically between banks, there are key differences:
| ACH Payment | Wire Transfer | |
|---|---|---|
| Speed | 1-3 business days (same-day available) | Typically same day, often within hours |
| Cost | Low cost or free | Higher fees |
| Best For | Recurring payments, payroll, bill pay | Large, one-time, time-sensitive transactions |
| Reversibility | Can be reversed in certain situations | Generally irrevocable once sent |
| Batch vs. Individual | Processed in batches | Processed individually |
Yes. ACH payments are among the safest electronic payment methods available. Here’s why:
To further protect yourself, always verify account and routing numbers before initiating a payment, and monitor your accounts regularly for unauthorized activity.
As part of the updated NACHA operating rules, financial institutions are required to obtain fraud prevention procedures from businesses that originate ACH transactions. This requirement helps strengthen security across the payment network and ensures your business maintains best practices for preventing unauthorized transactions.
Your organization’s fraud ACH fraud prevention procedures. If you have written procedures in place, please provide a copy to your banker when you initially set up your ACH with BankSouth, or update your processes.
If you do not have written fraud prevention procedures, here is an example of a fictional company, ABC Company, that has its ACH fraud prevention procedures written.