Spencer Savings Bank Cash Management Guide

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future payments. 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 banks. ACH transactions are done using a batch process, and funds are generally not available until the next business day. Please call us at 800.363.8115 for a full list of wire and ACH fees or if you have any questions.

Business Online Banking Transaction Types

Type

Description

ACH Pass-Thru

Upload a NACHA-formatted file.

ACH Batch

Send a payment to several recipients.

ACH Collection

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

International Wire

country.

Table of Contents: Business Online Banking Overview