OnPoint: Business Online Banking
5
Getting Started
Various types of payment methods are offered through Business Online Banking, including wire and ACH transfers. 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 send us a secure message within Digital Banking, visit your nearest branch , or call us at 503.228.7077 or 800.527.3932. Transaction Type Overview
Business Online Banking Transaction Types
Type
Description
ACH Payment
Send a payment to one recipient.
ACH Batch
Send a payment to several recipients.
ACH Receipt
Receive a payment from one recipient.
ACH Collection
Receive a payment from several recipients.
Domestic Wire
Send a wire to a recipient within the US.
Send payroll to several recipients. If a recipient has more than one account, you can split that payment into several accounts.
Payroll
Send federal, state or local tax authority payments.
Tax Payment
Getting Started: Transaction Type Overview
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