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ACH Payments
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Streamline and simplify the collection and disbursement of domestic payments with our ACH Payment service. Improve cash flow and reduce the time and expense of manual processing for regular, recurring collections such as rent, bill and insurance premiums, as well as disbursements including payroll and dividends.
Features
- Send files of authorized ACH payments for processing directly via a secure connection to Scotiabank.
- View comprehensive reports online with ScotiaConnect® electronic banking service or receive electronic files for confirming transaction status.
- Send converted check payment files (ARC) for ACH processing.
- Create a Trading Partner Table so only authorized business partners have transaction access to your US operating accounts.
- Place debit and credit blocks on your operating accounts to prevent unauthorized transactions.
Benefits
- Hold on to working capital longer, maximize trade discounts and eliminate late payment and interest charges with direct deposit payments on due dates.
- Reduce transaction costs and bank service charges.
- Minimize outstanding receivables with direct payment debits.
- Enhance working capital and reduce carrying charges with timely collections.
- Eliminate the costs associated with paper checks, and the risk of lost, stolen or damaged checks.
Detailed Product Sheet [PDF: 139KB]
For more information about our ACH Payment service, please contact us.
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