Automated Clearing House (ACH)
With next-day settlement, ACH allows you to improve your company's payment processing efficiency and accuracy, and reduce expenses.
We offer ACH services for companies that want to collect funds and make payments electronically in batches through the national ACH network.
Typical applications include:
- direct deposit of payroll
- vendor payments
- bill and dues collection
- federal and state tax payments
- annuities, dividends, and utility payments
Sovereign offers several vehicles for originating ACH transactions, including Direct Transmissions via FTP, and IRIS
, our state-of-the-art Web-based treasury management system.