ONB Bank Business Banking Online and Mobile User Guide

6

Getting Started

ACH payment method is offered through Business Banking Online. Wire Transactions will need to be set up by contacting the bank directly. Both methods are quick, electronic payments. ACH transactions can be sent as a single or batch process, and funds are generally not available until the next business day. Business Banking Online 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

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.

Payroll/ Restricted Batch

Getting Started: Transaction Type Overview