Western Your Guide to Corporate Online Banking

9

Various types of payment methods are offered through Digital Banking for Business, 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 processed through the ACH Network using a batch process, and the timing of funds availability depends on the type of ACH transaction and its settlement date. If you are interested in originating ACH or Wires through online banking contact Western State Banks Treasury Management.

Digital Banking for Business Transaction Types

Type

Description

ACH Batch

Send payments to one or many.

ACH Collection

Collect a payment from one or many.

Domestic Wire

Send a wire to a recipient within the US.

Send a wire to a recipient in a different

International Wire

country.

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

Tax Payment

payments.

Getting Started: Digital Banking for Business Overview