TowneBank Corporate Online Banking Guide

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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 contact your Relationship Banker or Treasury Management Advisor for a full list of wire and ACH fees.

Business Online Banking Transaction Types

Type

Description

ACH Pass-Thru

Upload a NACHA-formatted file.

ACH Batch

Send a payment to one or more recipients.

Receive a payment from one or more recipients.

ACH Collection

Domestic Wire

Send a wire to a recipient within the US.

Send federal, state or local tax authority payments.

Tax Payment

Getting Started: Business Online Banking Overview