Automatic Debit and ACH Services

Improve Operational Efficiency

Automated Clearing House (ACH) debits and credits can now be maintained through electronic means in the standard NACHA (National Automated Clearing House Association) format. This provides property management companies greater control over their financial interactions while reducing operating costs, enabling more efficient collection of monthly assessment fees and disbursement payments to vendors.

ACH SERVICES CAN BE UTILIZED FOR THE FOLLOWING TASKS:

•   Collection of assessment fees
•   Payments to vendors
•   Internal transfers between accounts
•   Employee payroll
•   Federal and state tax payments

All ACH transactions originated by customers and delivered to the bank are processed through the Federal Reserve Bank of Chicago. They have a settlement date that determines the actual debit/credit date.

BENEFITS OF ACH SERVICE:

•   Operational costs will be reduced
•   Efficiency and collection rates will increase
•   Minimizes check writing

ACH Debit Block

ACH Debit Block services scan your electronic transactions and automatically return any unauthorized entries to the originator. With this service, electronic debits are rejected before posting to your account. You  have the flexibility to choose the filtering criteria.

FILTERING CRITERIA EXAMPLES

• Block all ACH debits
• Block all ACH debits for amounts greater than $X
• Block ACH debits from any specified originators other than those specified
• Block ACH debits based on SEC codes

If you have any questions or would like more information on any of these services, contact one of our Trusted Industry Experts at (847) 304-5940 or email service@communityadvantage.com.