Electronic Funds Transfer Software
An Electronic Funds Transfer (EFT) is a fairly general term and
refers to any computer-based system used to perform financial transactions
electronically. Among them would be bank wire transfers, debit card
activity, ATM initiated transactions, eChecks, as well as ACH transactions.
In our scenario - most requests for Electronic Funds Transfers are
for ACH service and involve one of four categories:
· Pay Direct Deposit to your employees
· Collect from customers
· Pay vendors and governmental agencies
· Consolidate funds between accounts at different banks
12 cent transfers
Transfer funds using your bank's ACH department. The average ACH
cost is 12 cents.
There are no transaction fees associated with Treasury Software's
Easily Transfer Funds
All of the above Electronic Funds Transfers can be easily accomplished
using ACH Universal - either through the easy to use point and click
interface - or import an entire batch of transactions from an Excel
After loading the Electronic Funds Transfers into ACH Universal,
ACH Universal will generate an ACH file. The ACH file is a standard
format - and contains the detailed payment instructions. You would
then upload this file to your bank for processing.
Want to automate the Electronic Funds Transfer process?
Visit Electronic Funds Transfer
Automation - no programming required. The Software Integration
Kit (SIK) enables you to automate all steps of the Electronic Funds
Please call us at 866 226-5732.