Somerset Trust Company Online Banking Guide for Businesses

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Various types of payment methods are offered through the Business Banking platform, including wire and ACH transfers. Though both are quick electronic payments, wires are the fastest way to transfer money between accounts. ACH transactions are processed through a batch process, and funds are generally not available until the next business day. Business Banking Transaction Types*

Type

Description

Upload a NACHA-formatted file.

ACH Pass-Thru

Create ACH templates to credit businesses for services and distribute or consolidate funds between business. Create ACH templates to debit business accounts for goods and services. Create ACH templates that can be used to credit consumer accounts for payroll direct deposit, bonuses, refunds and more.

Business Payments

Business Collections

Payroll

Create ACH templates to debit consumer

Consumer Collections

accounts for goods and services.

Domestic Wire

Send a wire to a recipient within the US.

Send a wire to a recipient in a different

International Wire

country.

Getting Started: Business Banking Overview