A Quick and Easy Guide to InBusiness Lite Banking NMBT

5

Getting Started

Various types of payment methods are offered through InBusinesOnline Banking, 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

InBusinesOnline Banking 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