At Guaranty Bank we offer direct deposit Automatic Clearing House (ACH) Services that lower your business processing costs, improve your cash flow and benefit your employees.
ACH Direct deposit is the most common transaction using the ACH network. Direct deposit allows your business to pay an employee for payroll, expense reimbursements, bonuses, pensions and dividends to a checking or savings account at their financial institution.
Business to Business ACH Payments are used for payments to or from your business for products or services you need or provide. They provide a faster way to collect your account receivables and manage your account payables.
State and Federal Tax Payments direct deposits save time and money by paying your regular tax estimates electronically. You may schedule payments ahead of time, but the funds will not be withdrawn from your account until the date specified. Tax payment information is confidential and all transmissions are secure.
Court Ordered Child Support Payments via direct deposit automatically withhold funds from your employees if they owe child support payments or other garnished wages. Funds are transmitted electronically to a court or other government agency.
Pre-Authorized Consumer ACH Payments are used for recurring payments to you. Your customer may give you authorization to have a payment directly debited from their checking or savings account. This can be used to collect club dues, rent, utilities, insurance, mortgage payments, donations and more.
These ACH cash management services improve your business cash flow through:
ACH Benefits to your customers include:
For more details or to sign up, contact Guaranty Bank Support Officer Catie Houck at (319) 286-6258 or chouck@guaranty-bank.com.
