Business Online Banking and Mobile Banking App Resource Guide
7
Getting Started
Various types of payment methods are offered through Business Digital 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 call us at 651-265-5640 for a full list of wire and ACH fees or if you have any questions. Transaction Type Overview
Business Digital Banking Transaction Types
Type
Description
Upload a NACHA-formatted file.
ACH Pass-Thru
ACH Batch
Send a payment to several recipients.
ACH Collection
Receive a payment from several recipients.
Domestic Wire
Send a wire to a recipient within the US.
Send a wire to a recipient in a different country.
International Wire
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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