This is a product that allows businesses to originate debits or credits to other accounts both owned & not owned by them, depending on the ACH request type. This is processed through our online banking program. Merchants must figure withholdings prior to the file entry & submission. ACH Manager does not figure this for them. It only electronically transfers the funds from one location to another for the exact amount that is entered in the file.
Automatic Deposit & ACH Service
Here at New Peoples Bank we offer one simple payroll solution, "ACH MANAGER".
This convenient service allows you to electronically submit payroll and distribute funds quicker by eliminating the normal check writing process.
Enables you to efficiently process payrolls and other payment processes
Eliminates the cost of paper checks
Allows you the option to set up automatic or manual transfers
Savings alerts on specified balances, new transactions, and daily statement
Allows you the choice of daily, weekly, bi-weekly and monthly auto transfers to the recipient's accounts
The account activity will be analyzed. Payroll can be processed via online entry & NACHA (National Automated Clearing House Association) formatted files. Also, a schedule must be submitted for each deposit.
Automatic Debit & ACH Services*
Automatic debit allows you to electronically debit consumer or corporate customers as a form of automatic payment. This convenient service allows you to receive funds quicker & eliminates the normal check collection process.
Debits will be processed via online entry.
Speeds up cash flow.
Allows you the option to set up automatic or manual transfers.
Allows you the choice of daily, weekly, bi-weekly and monthly auto transfers.