ACH Business and Debit Origination
Enjoy peace of mind
Simplify your payment needs with Collins Community Credit Union’s ACH Business and Debit Origination program. This program gives you peace of mind since you don't need to worry whether a customer has paid their monthly dues or payment.
How it works
You will have access to a website where you will create and upload your ACH file transfers. Then, we will review your file and submit it to the Federal Reserve. The deposits will automatically be credited to your Collins Community Credit Union account.
Benefits
- Peace of mind
- No lost or stolen checks
- Notification if or when problems arise
- The convenience of a direct withdrawal for the customer
What we need
- ACH Originator Application
- ACH Originator Agreement
- Your customer(s) will need to sign a preauthorization form (we provide) and give you a voided check from their financial institution. Their financial institution must be able to accept electronic ACH credits.
Contact Treasury Services at 800-475-1150 Option 6 ext. 103008 or via email to get started today!
Other Program Details
Collins Community Credit Union will not serve as a collector for items that do not clear the system. You will be notified when an item does not clear, but the Credit Union will not initiate another entry for the item that did not clear, nor will we attempt to collect any kind of fee for non-payment. Collection terms and arrangements should be a separate agreement with your customer.