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Collins Community Credit Union

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
  • 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.

What it costs

One Time Setup Fees
$150.00 Implementation Fee
$100.00 per fingerprint scanner (these can be shared by users)
Monthly Fees (For Profit Organizations)
Access Fee $30.00
Per User Fee $4.00 (minimum of two)
Per File Fee $5.00
Per Item Fee $.20
Monthly Fees (Non-Profit Organizations)
Access Fee $30.00
Per User Fee $4.00 (minimum of two)
Per File Fee $2.50
Per Item Fee $.05

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.

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