Simplify the process of collecting payments and paying vendors with Cyprus Credit Union’s suite of online ACH services. Meet with your local Business Banker to explore your options and open an account today.
If your business needs a quick and efficient way to handle electronic payments, the right ACH Management package can help. Here’s how to determine if it will work for you.
ACH Management is useful if your business…
needs to handle high transaction volumes from customers or process recurring payments like subscriptions, rent, or monthly memberships.
Get ACH Management if you need to…
handle large invoices and want to avoid credit card processing fees and postage costs.
Consider ACH Management if you’re…
managing high volumes of outgoing payouts, including direct deposit payroll for your employees or vendor payments.
Is This Right for You?
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
The 3rd list item, that is exceptionally longer. See how this module looks with it
The 4th list item
The 5th list item that is medium length
Compare ACH Management Packages
With Cyprus Credit Union, you have flexible options to fit your business needs. We offer ACH packages ranging from $10-$30 a month:
Package
Best For
And
ACH Lite
Businesses that want electronic payments
Don’t need high transaction limits
ACH Standard
Businesses that want electronic payments
Need higher transaction limits
ACH Direct Deposit
Businesses looking to pay their employees easily
Want to save on paper checks
What do you get when you sign up for ACH Management?
By leveraging ACH Management into your daily business operations, you get a secure way to handle transactions, while reducing manual labor and security risks.
Accelerated Transaction Processing
Conveniently send and receive payments electronically and decrease collection time, to access your hard-earned money faster.
Reduced Risk of Fraud
Mitigate the risk of check fraud by limiting the amount of physical checks, which can be vulnerable to theft or washing.
Savings on Collection Costs
Not only can you save on your paper trail, but you can also save on credit card charges, postage or mailing payments to multiple vendors.
How to get started with ACH Management services
We want to make the process as simple as possible, so you can focus on growing your business with the right tools that can keep up with your goals.
Meet with a Business Banker
Schedule your free, one-on-one consultation with your nearest Business Banker and meet the advisor ready to help you build your business’s future.
Review Your Options
Work with your Business Banker to select the services that align with your goals, begin the application process, and submit any required information.
Enroll and Start Using Our Services
Once enrolled, you can start using your new chosen services and make managing your everyday business finances simple and efficient.
ACH Management FAQs
How do ACH payments work?
You can easily create an ACH transaction through our Online Banking, which is sent electronically to another institution to either pay funds to someone else or pull funds into your Cyprus account.
What types of payments can be made via ACH?
Almost any type of transaction can be converted to ACH. Businesses can pay employees, vendors, independent contractors, and suppliers using ACH. They can also use ACH to collect rent payments or monthly dues.
How long does it take to receive an ACH?
ACH transactions are typically sent 24-48 hours after they are approved. They can also be scheduled to be sent at a future date.
How do I get my business set up?
Getting started is as easy as contacting one of our Business Banking Officers. They will ask you a few simple questions to help complete our application. Once the application is signed and approved, one of our business specialists will reach out to provide training.
Open a new ACH management package today. Need help? Schedule an appointment with your local business banker to find what business services will work for your business goals. You can also call 801-260-7600 (extension 5150) or email BusinessBanking@CyprusCU.com.
