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What is an ACH?
ACH is an abbreviation for Automated Clearing House. It is also known as Electronic Funds Transfer (EFT) or Direct Deposit. It is the means by which funds are dispersed through electronic media. ACH, a reliable and robust payment system used by a large number of organizations, ensures secure processing of direct deposit payrolls, utility bills, insurance premiums, mortgages etc.
What are the advantages of ACH over paper checks?
ACH has an advantage over paper checks and also highlights your corporate image to your staff and customers by empowering you with direct deposits and automatic bill payments. It is a paperless option to the processing of paper checks. The major factor that contributes to its immense popularity is the low per transaction cost and the fact that ACH transactions have a higher priority for funding than paper checks. It also allows you to find out if a check has returned for insufficient funds within 48 hours, not one or two weeks like with a paper check. ACH significantly reduces the administrative burden of processing payments as well as the cost of processing transactions. It also boosts revenue flow since transactions take place faster compared to checks and also ensures increased consumer satisfaction.
What types of companies benefit through an ACH service?
ACH processing solutions are highly reliable, effective and enhance the efficiency of a wide array of organizations such as:

  • Childcare Providers
  • Property Management
  • Independent Schools
  • Financial Institutions
  • Non-Profit Organizations
  • Utilities
  • Local and State Government Agencies
  • Health Clubs
What do ACH Credit Payments include?
ACH Credit Payments entail:

  • Payrolls and pensions
  • Tax Payments
  • Customer-centric payments
  • Employee Expense Reimbursements
  • Interest Payments
  • Business-to-business payments
What do ACH Debit Payments include?
ACH Debit Payments entail:

  • Business-to-business payments
  • Insurance Payments
  • Tax Payments
  • POS Check Conversion
  • Charitable donations
  • Online purchases
  • Loan Payments
Is Automated Clearing House a real-time process?
It’s not a real-time process like Credit Cards. Transactions take place in batches and are effective next business day.
Why use Ea$yDraft as your ACH processor?
Ea$yDraft is a leading provider of end-to-end ACH solutions that can be tailored to your business objectives. We are committed to offer you superior quality solutions from our cutting-edge technology and sound business acumen.
How to get started with setting up an account with Ea$yDraft?
Simply click the contact us button or call us and one of our sales associates will get you started.
How soon can I expect the approval of online enrollment application?
Once you sign our ACH agreement and fax it in with supporting documentation, your application will be processed within 2 business days.
Once I get the approval, how soon can I start processing transactions?
It depends on the delivery of the transactions. If you use one of our standard platforms, it can be as soon as next day. If integration is required, it will be determined once we know all your requirements.
How shall I inform you if I change my address, phone number or email?
If you change your address, phone number or email address, the details need to be submitted to our customer service area via email. It will take approximately 2 days for making the changes in the records.
How shall I inform Ea$yDraft if I change my address, phone number, or email?
If you change your address, phone number, or email address the details need to be submitted to our customer service area via email. We will immediately then update your company’s profile.
How long does ACH transfer take?
The average time for a standard customer to receive funds in their bank account is 2-5 days.
How do I know if a transaction has taken place?
Ea$yDraft will provide you with the required reporting tools via EasyDraft Manager or web interface that will keep you updated on all transactions.
Is there any minimum amount for ACH payments?
No.
How does NSF differ from RCK?
NSF stands for Non-Sufficient Funds. It is the main cause for rejection of most transactions. However, RCK is a ACH processing code through which a paper check that gets rejected due to insufficient funds can be represented electronically to the bank for re-presentment via the ACH network.
What is a chargeback?
A chargeback is the reversal of a transaction It occurs when a consumer finds a transaction they don’t recognize on their statement or believe it to be fraudulent. The consumer will then lodge a complaint with their financial institution.