The Automated Clearing House (ACH) system is an electronic network that processes large volumes of credit and debit transactions in batches. Any type of deposit or withdrawal from a checking or savings account, anywhere in the country, can be handled by the ACH system.
MidWestOne Bank’s ACH Manager service lets you to take greater control over your payables and receivables. Plus, if your business is spread over several locations, you can keep your surplus operating cash in a single, consolidated account and use the ACH system to receive and disburse operating funds to and from various locations on an as-needed basis.
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