Automated Clearinghouse (ACH) Payments, allows your business to make payroll, disbursements, suppliers or tax payments, and submit collections transactions, among other types ACH payments.
Collections – Simplify and streamline your receivables processes with pre-authorized payments.
Our Collections service speeds up your collections by allowing your company to collect regular, recurring receivables such as bill payments, tuition or subscription fees, by automatically debiting your customers' accounts.
With quick and efficient collections, your business can benefit in a number of ways by:
Direct Deposits – With our Direct Deposit service your payroll is electronically deposited into each employee's designated account.
Disbursements – An efficient way to pay your local suppliers and vendors.
Scotiabank's Disbursements service provides a quick and simple way to pay your local suppliers or business vendors electronically from your computer.
The Disbursements service can save your business money by eliminating check-issuing charges, reducing storage/handling fees and financial losses related to fraud. With this service, you control your payments, so you can manage your business cash flows more effectively and improve cash forecasting.
Disbursements may now be eligible to be received by the beneficiary on the same day originated. Contact us to find out more information about Same Day Origination of ACH Payments.