Caribe Federal Business Online and Mobile Services User Guide
5
Getting Started
Various types of payment methods are offered through Business Online Banking, including wire and ACH transfers. Though both methods are quick, electronic payments, wires are the fastest way to transfer money between accounts. ACH transactions can be sent as a single or batch process, and funds are generally not available until the next business day. Please contact us at 787-474-5151 for a full list of wire and ACH fees or if you have any questions. Business Online Banking Transaction Types Transaction Type Overview
Type
Description
Upload a NACHA-formatted file.
ACH Upload
ACH Payment
Send a payment to one recipient.
ACH Batch
Send a payment to several recipients.
ACH Receipt
Initiate a payment from one recipient.
ACH Collection
Initiate a payment from several recipients.
Import a list of recipients and amounts.
ACH Import
Domestic Wire
Send a wire to a recipient within the US.
Send a wire to a recipient in a different country. Create batches with sensitive information that will prevent additional ACH operators from seeing sensitive information. Send payroll to several recipients. If a recipient has more than one account, you can split that payment into several accounts.
International Wire
Payroll/ Restricted Batch
Tax Payment
Send federal tax authority payments.
Getting Started: Transaction Type Overview
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