Indiana Business Bank offers you many options for originating both domestic and international funds transfers. We also let you originate any of these transactions using our Business Online Banking tool. Our funds transfer services include the following.
ACH (Automated Clearing House)
ACH (Automated Clearing House) enables you to initiate payments in a variety of applications and formats including payroll processing, expense reimbursements, tax payments, vendor and consumer payments, and collections.
ACH electronic transactions are distinguished from wire transfers in that they usually involve high-volume, regularly scheduled transactions between the same parties. Also, with these kinds of transactions, specifically formatted electronic files are used. ACH transactions must be initiated one to two days prior to the settlement date because they are batch processed and not for immediate payment.
The most common ACH application is Direct Deposit of Payroll, but we also offer ACH with other services such as:
- Corporate Payments - ACH replaces checks for payments
- Direct Payment Services - Your clients authorize you to collect payments directly from their account
- Tax Pay - Pay your federal and state taxes via ACH
Indiana Business Bank's wire transfer service allows funds to be transferred quickly and efficiently, both domestically and internationally. You can originate wire transfers through Business Online Banking. With our Wire Transfer service, you always have same day availability of funds, and confirmations are provided through multiple methods for your convenience. Users can define multiple levels of approval for enhanced security.