ACH (Automated Clearing House) Origination

This service allows you to electronically make deposits or collect payments on behalf of employees, vendors, customers, merchants or government tax agencies. You create a file through Discovery Bank's Corporate Cash Management Online Banking system or our partner ACH Commerce for transmission to the Federal Reserve Banking System.

Common ACH Services are:

• Direct Deposit: Transmission of electronic deposits, typically for payroll or reimbursement services.
• Direct Payments: Transmission of electronic payments, typically for dues, loan payments, or recurring payments.

This service assists in moving funds quickly between financial institutions, in addition to making the transactions convenient and paperless.

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