Automatic Debit and ACH Services

Through electronic transactions, ACH services enable property management companies and Associations to more efficiently collect monthly assessment fees and disperse payments to vendors.

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 with greater control over their financial interactions while reducing operating costs.

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

For more information, call our Trusted Industry Experts at (847) 304-5940 or email service@communityadvantage.com.