Automated Funding
Our Automated Funding Service:
- Is a low-cost alternative to paper-based funding methods and wire transfers
- Works best with repetitive payments where the transfer amounts are known at least one day in advance
- Enables you to electronically fund accounts via automated clearing house (ACH) credits on a one- or two-day basis
- Used in conjunction with our Concentration of Funds and Customer Initiated Payment Services, Automated Funding enables you to:
- Consolidate daily deposits
- Fund subsidiary or vendor accounts quickly & economically
- Improve the operation or your cash management system