When it comes to disbursements, the goal for most companies is to have the most predictable settlement and cash flow as possible. The following services will help you enhance your control over cash outflows. 
 
Automated Clearing House (ACH) 
ACH electronic payments are the best way to streamline payables and reduce your costs. ACH transactions offer a host of cash flow benefits, including reduced payment costs, better control of payment timing, greater payment reliability and more accurate cash forecasting. The most common ACH applications are: 

  • Payroll direct deposit
  • Pre-authorized debits and credits
  • Vendor payments
  • Cash concentration and disbursement
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    Bank Iowa’s Online Cash Management service includes an ACH module that lets you consolidate or disburse funds between companies or subsidiaries, create and initiate consumer electronic debits and credits and originate direct deposit of payroll through the use of user friendly input screens designed for specific ACH applications. 
     
    Direct Deposit 
    Payroll direct deposit has become increasingly common today as more and more employees have accepted the idea of having their pay deposited directly into their bank accounts, instead of receiving a paper check. Direct deposit is a tremendous timesaver for employees, who no longer have to worry about going to the bank to cash or deposit paychecks (not to mention losing their paychecks). For employers, direct deposit streamlines payroll operations, saves money in payroll processing costs, improves cash management and simplifies account reconciliation. 
     


    FDIC
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