ACH Origination
Payroll Direct Deposit

The Automated Clearing House (ACH) network is a nationwide electronic payment system used by more than 20,000 participating financial institutions, over 60,000 corporations, and millions of consumers.

The concept of a nationwide electronic payment network was championed in the late sixties by a group of bankers who recognized the need for an electronic alternative to check payments.  In the years since that date, the ACH Network has grown to a national payment system processing almost four billion payments annually.

Benefits

Save money--Reduce the cost of expensive payroll checks and reduce cost associated with bank analysis fees for deposits and checks written.

Increase confidentiality--Payroll and bonus information is transmitted in one lump sum.

Increase ease of balancing statements--Drastically reduce the number of checks clearing the account for reconciliation.

Eliminates the worries of :
          Couriers being on time
          Vacations
          Sick days
          Different work schedules
          Lost or stolen payroll checks

Save time--preparing checks and waiting for someone to sign each check.

Fast and easy--American National transmits payroll data to the Federal Reserve Bank the same day the file is received.  This allows participating banks to receive the funds deposited to the employee's accounts by the next day.