Devon Bank Devon Connect Business Mobile Guide

4

Getting Started

Transaction Type Overview

Various types of payment methods are offered through Devon Connect for Business, 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 Ebanking@devonbank.com or call us at 847-947-3901 for a

full list of wire and ACH fees or if you have any questions. Devon Connect for Business Transaction Types

Type

Description

ACH Payment/Credit

Send a payment to one recipient.

Initiate a debit or collect payment from one recipient instead of initiate a payment.

ACH Receipt/Debit

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

Getting Started: Transaction Type Overview

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