Simplify Your Business Transactions with ACH Cash Management

‍‍At First State Bank of Bedias, we understand the importance of efficient cash flow management for your business. That's why we offer our ACH Cash Management service, designed to streamline your financial transactions, whether it's facilitating the receipt of payments from customers or simplifying payroll through direct deposits. Our service leverages the Automated Clearing House (ACH) network to offer a range of electronic transaction capabilities, ensuring your business runs as smoothly as possible.

Key Benefits:

  • Enhanced Efficiency: Electronically send and receive funds, manage payroll and billing with ease, either as one-time transactions or on a recurring basis.
  • Cost Savings: Reduce the time and expense associated with manual payroll and payment processes.
  • Convenience for Employees: Offer direct deposit to employees, eliminating their need to visit the bank for check deposits.
  • Comprehensive Management: Access a full suite of reports to effectively manage your company's cash flow.

Getting Started with ACH Cash Management:

To enroll in the ACH Cash Management services, please follow our straightforward three-step process:

Step 1: Required Documents

Begin your journey to efficient cash management by submitting the following documents:

Step 2: Complete Required ACH Security Documents

Upon approval, the primary and secondary contacts listed on your application will receive an email with instructions to:

  • Complete the EPCOR’s ACH Security Framework Course
  • Submit the ACH Cash Management Customer Security Self-Risk Assessment
  • Complete the PPD Credit ACH Audit Checklist. This step is crucial for ensuring the security and integrity of your ACH transactions.

Step 3: Complete ACH Setup

Finalize your setup with these essential tasks:

  • Familiarize yourself with the ACH Network by reading the ACH Quick Reference Guide for Corporate Users.
  • Learn to navigate our online banking with the ACH Online Banking User Guide.
  • Download and fax the ACH Transmittal Register for each ACH file sent.
  • Obtain ACH Credit and Debit Authorization Forms from our website to authorize transactions.
  • Set up online banking users to manage additional users within your business profile.

After completing these steps, you are ready to utilize the Cash Management functions within your Business Online Banking profile.

How to Access Forms and Further Assistance

All necessary forms are available on the forms page of our bank's website at www.bediasbank.com For personal assistance, feel free to visit a New Accounts Representative at our locations. Please note, additional fees may apply.