ACH Payment Settlement
Automated Clearing House (ACH) File:
A file with instructions for the exchange and settlement of electronic payments passed between financial institutions. It represents debits and credits to be deducted from an account automatically as they occur. Also known as a NACHA file.
Since it seems every bank is different, it is best to print out the sub topic "
Direct Deposit Step by Step" and take it to the bank when working with the Direct Deposit department to assist you in getting the information you need.
 Immediate Destination Routing Number
Enter the Immediate Destination Routing Number provided by your bank in this entry field.
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 Immediate Destination Name
Enter the Immediate Destination Name provided by your bank in this entry.
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 Immediate Origin Routing
In this field enter the Immediate Origin Routing number provided by your bank.
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 Immediate Origin Name
In this field, enter the Immediate Origin Name provided by your bank.
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 Company Name
Enter your Company Name as shown on the ACH Record). Note that the example is limited in length as all entries are.
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 Company Bank Account
Enter your Company Bank Account number here.
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 Company Entry Description
Enter the Company Entry Description here. Note that in this Bank of America example, it is the employer EIN that was entered.
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 Company Descretion Data
Enter the Company Description data here.
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 ACH Reference
Enter an ACH Reference here.
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 Company ID
And finally, enter the Company ID assigned by the bank.
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 Save
This Save button will save the data or any edits made so far and allow you to keep working in the company settings.
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 Save & Close
The Save & Close button will save all data entered and any edits made and close the company settings window.
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 Cancel
The Cancel button will cancel any changes made and close this window.
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 Help
The Help button will open this help file.
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