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ACH Origination

Automated Clearing House (ACH) Origination provides the mechanism to create electronic transactions, both collections and payments, with ease!  Authorized customers are provided login credentials to our secure website where they can manage electronic payments and receipts thereby eliminating check writing, float, and waiting for checks to arrive by mail.  Best of all, cash flow cycles become more predictable, thereby reducing stress and allowing you to focus on managing your business.

ACH Origination provides an alternative to wire transfers with two distinct differences:

  • Generally speaking, wire transfers settle same day whereas ACH transactions settle next day.
  • Wire transfer costs tend to be significantly higher than ACH Originations costs.

Quail Creek Bank's ACH program will help your business optimize cash flow, improve accuracy and collections, increase customer satisfaction, and save time and money.

Common uses of ACH Originations:

  • Direct deposit of payroll
  • Expense reimbursements
  • Collection of dues
  • Collection of accounts receivable
  • Payment of accounts payables
  • Check by phone

EDI Reporting Services

EDI, or Electronic Data Interchange, refers to the payment details which accompany many electronic payments.  These details often include crucial information needed to accurately post accounts receivable payments.  Authorized customers receive email notifications when payment details become available, often prior to receipt of the funds.  EDI offers customers the ability to log onto the Federal Reserve database and directly download this information at their convenience, 24 hours a day, 7 days a week. 

Common uses of EDI Reporting Services:

  • Government contractors
  • Large corporations that require their vendors to accept ACH settlements
  • Medical professionals 

 

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Call Us: (405)755-1000




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