Roxboro Savings Bank Desktop Business Guide

5

Getting Started

Transaction Type Overview

ACH transfers are offered through Business Online Banking. The method is a quick electronic payment. 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 1 (866) 601-6070 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 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.

Import a list of recipients and amounts.

ACH Import

Wires are not available in Online Banking at this time. Please contact the bank at 1 (866) 601-6070 for wire instructions.

Wires

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