A Quick and Easy Guide to InBusiness Lite Banking FBT
5
Getting Started
Various types of payment methods are offered through InBusiness Lite, including wire and ACH transfers. Though they are both quick electronic payments, wires are the fastest way to transfer money between accounts. ACH transactions are done using a batch process, and funds are generally not available until the next business day. Please contact your Treasury Management Sales officer for additional information on the payment methods and services described in this user guide. Transaction Type Overview
InBusiness Lite Transaction Types
Type
Description
ACH Payment
Send a payment to one recipient.
ACH Collection
Receive a payment from several recipients.
Domestic Wire
Send a wire to a recipient within the US.
Send payroll to several recipients. If a recipient has more than one account, you can split that payment into several accounts.
Payroll
Send federal, state or local tax authority payments.
Tax Payment
Getting Started: Transaction Type Overview
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