Replace paper payments with efficient electronic funds transfers
Making and collecting payments by check is expensive and resource intensive. Replacing checks with an electronic funds transfer using the Automated Clearing House (ACH) network improves your back office processes and puts you in greater control.
About ACH Origination
This service allows you to create entries into the Federal Reserve’s ACH payment network to send or receive payments from other U.S.-based accounts. Create your batch of entries using your accounting software or by using ONPointe Treasury’s user interface. Batches can be sent to Old National by secure file transmission or using ONPointe Treasury. Same-day and next-day settlement are both available.
- Simplifies account reconciliation
- Standardizes payables flow
- Eliminates time and cost of issuing paper payments
- Reduces the risk of account compromise and check fraud
Direct Deposit Payments
Pay your employees electronically using ACH direct deposit. You save time by not printing and distributing checks – and your employees are more productive by not taking time away from work on payday to deposit or cash their checks.
Filing your taxes electronically can ensure your tax payments are made accurately and on time, saving you the time and expense of other methods. Simply register to make payments with EFTPS or your state, and you will be able to send tax payments electronically.
With this solution, you will be able to electronically pay your vendors – giving you control over the timing of your payment and reducing the physical cost associated with the invoice-to-pay process.
Bill your customers electronically using ACH. This is ideal for recurring payments such as memberships or donation collection.
Consolidate funds held at other banks to your Old National account using ACH, reducing process time and deposit float.