Public Savings Bank | Business Banking

Business ACH

Safely meet the needs of your business today and tomorrow!

WHAT IS ACH?

ACH stands for Automated Clearing House, a nationwide network through the Federal Reserve System that allows individuals to move payments electronically between financial institutions.

Transfer funds to and from other banks
Control payment post and withdrawal dates
Make direct transfers to pay vendors
Pay employees via direct deposit
Collect monthly payments from clients or members
Pay taxes

ACH PAYMENTS

ACH Payments allows you to transfer funds to an account at another financial institution. Because we use the ACH payment network for this service, you reap the control benefits of sending money via ACH, such as specifying when the recipient actually receives the funds.

PAYROLL

Payroll is the ability to credit multiple recipient accounts, regardless of where those accounts are held. This feature is most commonly used to allow you to pay employees over the Internet (aka Direct Deposit). One of the efficient features of this service is that you can split a payroll amount between two different accounts at two different banks, giving you better control of your resources.

ACH RECEIPTS

ACH Receipts is the opposite of ACH payments. You may use this feature to collect funds owed you from end users outside your financial institution.

COLLECTIONS

Collections is a useful tool to collect recurring dues or fees from members or customers. While ACH Receipts debit one account at a time, Collections allows you to debit multiple accounts outside the bank at the same time and credits your account inside the bank for the sum total of those debits. Examples include:

Membership fees
Dues
Church tithing
Tuition
Recurring service payments

EFT TAX PAYMENTS

EFTPS (Electronic Federal Tax Payment Service) allows you to send funds for federal and state tax payments straight to the Internal Revenue Service.

OPEN A NEW ACCOUNT

Click HERE for the Applicant Package (pdf)

International customers please call 1-888-878-2542 for details

Contact Us
CUSTOMER SERVICE
Email:
Phone: 1-888-8PUBLIC (1-888-878-2542)
Fax: 215-947-9092
CREDIT CARD HELP
Email: CustomerCare@PublicBankCard.com

Our Services
Internet Banking
Cash Management Services
ACH/Wire services
Imaged Checks Online
Merchant Card Services
Business Lines of Credit
Business Term Loans
Business Real Estate Loans
Small Business Administration Loans (SBA)
Business Overdraft Protection
Business Checking
Remote Deposit Capture

Open New Account
Ready to open an account with Public Savings Bank?
Click HERE for the Applicant Package (pdf)
Note: International customers please call 1-888-878-2542 for details

Public Savings Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Any funds that are swept from a noninterest-bearing account into an interest-bearing account are not guaranteed under the transaction account guarantee program.
2755 Philmont Ave., Suite 140, Huntingdon Valley, PA 19006 • Ph: 888-8PUBLIC (888-878-2542) • Fax: 215-947-9092
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