Bank of Guam Business Online Banking User Guide
10
Getting Started
Transaction Type Overview
Various types of payment methods are offered through Business Online Banking, including wire and ACH transfers. Though they are both quick electronic payments, wires are typically the fastest way to transfer money between accounts. ACH transactions can take up to 2-3 business days to be received and can be used for domestic recipients only. Please call us at 671-472-5300 for a full list of wire and ACH fees or if you have any questions.
Business Online Banking Transaction Types
Type
Description
Transfer money between your accounts linked in business online banking.
Funds Transfer
ACH Pass-Thru
Upload a NACHA-formatted file.
ACH Payment
Send a payment to one recipient.
ACH Batch
Send a payment to several recipients.
ACH Receipt
Receive a payment from one recipient.
ACH Collection
Receive a payment from several recipients.
Domestic Wire
Send a wire to a recipient within the US.
International Wire
Send a wire to a recipient outside the US.
Send payroll to several recipients. If a recipient has more than one account, you can split that payment into several accounts. Send federal, state or local tax authority payments. Pay your bills or send money to an individual, company or bank or credit union in the US. Prevent check fraud by reconciling each posted check against your issued check archive.
Payroll
Tax Payment
Business Bill Pay
Positive Pay
Getting Started: Transaction Type Overview
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