PROAMÉRICA BANK ACH Origination
Streamline payments, improve collectability and reduce transaction costs and check fraud with electronic payments and collections.
Collect payments due to your company electronically. ACH eliminates float and gives you the controls on payment collection.
Simply send us your file of pre-authorized ACH debits to be made to each of your customers’ accounts and we will process the transactions and credit your account on the settlement date. ACH Collections reduces your administrative paperwork and saves time and expense in payment collection processing.
Save time and money by remitting your accounts payable electronically. By remitting your payments electronically you reduce the chances of check fraud and the need to time and track your accounts payable with check writing.
Save time by entering and storing repetitive payments on your PC. With ACH Payments you can expedite your funds remittance process.
ACH Direct Deposit Services
Direct Deposit is a secure and confidential way for businesses to deposit payroll and benefits into an employee’s account electronically.
Eliminate the need to create and print payroll checks and offer your employees the benefit of direct deposit of their payroll check through ACH Direct Deposit Services. With ACH Direct Deposit, your employees will always receive their check whether they are on vacation or out sick. Direct Deposit reduces payroll costs and is also a convenient way to pay bonuses, pensions, expense reimbursements and dividends.
- Reduces the risk of fraud by ensuring that the payment is deposited directly into the employee's account
- Saves time and money by reducing postage and processing costs
- Increases security by eliminating lost, misplaced, stolen or forged payroll and benefit checks
ACH Electronic Tax Services
Why go to the bank to pay your taxes? Pay your taxes electronically through ACH Electronic Tax Services. Paying your taxes electronically saves time and money and greatly reduces the risk of processing errors that can result in penalties.
Business customers are eligible for a 0.50% Annual Percentage Yield for five months. Minimum of $10,000 to open CD. Rate effective August 25, 2011, and it is subject to change. Client must open a new business checking account of $10,000 concurrently to qualify for rate. (New Money only)