Business Services

Cash Management

Automated Clearing House (ACH) Services:

Provident’s Automated Clearing House (ACH) solutions enable you to move money electronically with convenience, certainty and cost savings.

ACH Services can be an ideal choice for common payables and receivables including:

• Direct Deposit of payroll and expenses
• Pre-authorized payments and collections
• Cash concentration.

ACH is a low cost alternative to wire transfers and paper checks. Eliminate check printing, distribution and reconcilement expenses. Submit all of your transactions in one file for direct or Internet transmission to Provident.

As an electronic alternative to check collection for recurring consumer payments, Provident’s ACH Services enable you to debit customers accounts on the effective date. You must secure written consent from consumers for this type of transaction.

Consolidate funds from multiple locations including retail outlet deposits and maturing investments. ACH debits are created to transfer funds from your outlying accounts to your concentration account at The Provident Bank.

For more information on Automated Clearing House Services and other techniques to help you manage your cash, contact your Provident Cash Management Officer today at 732-726-5417 or visit a nearby Provident branch.