NCB National Cooperative Bank Treasury 24/7 User Guide

7

Getting Started

Business Online Banking Overview Various types of payment methods are offered through Online Banking, including wire and ACH transactions. 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 800-322-1251 Ext. 6095 for a full list of wire and ACH fees or if you have any questions. Business Online Banking Transaction Types

Type

Description

Upload a NACHA-formatted file. ACH Pass Thru is used when an ACH transaction has multiple batches and different SEC codes.

ACH Pass-Thru

ACH Credit

Send a payment to several recipients.

ACH Debit

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

Getting Started: Business Online Banking Overview