Same Day ACH

Checks are still the main way small businesses make payments. But because checks can be expensive, labor-intensive and prone to fraud, we bring you this payment option of Same Day ACH.

The payments industry is changing rapidly in response to client needs and the speed the market demands. Nowhere is that more evident than with the launch of Same Day ACH. This new ACH payment option gives all ACH clients the option to initiate and settle payments on the same day within the US.

Citizens Bank Minnesota is dedicated to not only helping you prepare for Same Day ACH but also offering Same Day Origination for both credits and debits. We feel this could be a real game changer and possible revenue maker for you while offering good customer service.

• Emergency payroll. Paying employees promptly in the event of an error with regular payroll processing, or to provide a final paycheck on an employee’s last day (some states require companies to deliver a final, complete pay to employees on their last day of employment). 
  
• Business-to-business (B2B) payments. Providing vendors and other business partners with near-instant payments to avoid potential late fees or to stretch cash on hand as long as possible. 
  
• Same-day claims disbursement. Allowing policyholders and patients to receive insurance benefits directly into their accounts, even on the same day as an estimate or appointment. 
  

Contact Kathy Drexler for more information about Same Day ACH.