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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