ACH Transactions

ACH Transactions using Zil is a great option for businesses to make hassle-free financial transactions. Pay invoices and payroll via this cloud-based banking platform, and move money between customers or payees on a one-time or recurring basis. Zil allows businesses to send and receive money simply by providing account information. Businesses can make ACH transactions with Zil at an affordable rate.

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initial fee

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maintenance fees

Enjoy hassle-free banking services with no maintenance fees.

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minimum deposit

Start your banking journey with zero minimum deposit.

0

initial fee

No initial fees or hidden fees to open account with us.

0

maintenance fees

Enjoy hassle-free banking services with no maintenance fees.

0

minimum deposit

Start your banking journey with zero minimum deposit.

How to Make ACH Transactions with Zil?

How to Make ACH Transactions with Zil?

You need to open a business checking account with Zil to make ACH transactions.

Step 1

Log in to ZilBank.com and choose a cloud bank account.

Step 2

Click on the Send Payment button and select ACH from the drop-down menu.

Step 3

Select a contact, add the amount you want to send, add the payee’s bank account details, and click Send.

ACH transactions usually take 1-2 business days to complete. Zil offers same-day ACH that allows the transaction to be completed on the same day it is initiated.

ACH Network Process ACH Transfers

ACH, which stands for Automated Clearing House, is a financial network that allows the electronic transfer of money between bank accounts within the United States. ACH transfers money from one bank to another over a secure network run by NACHA. When you use Zil, you can experience faster ACH processing and other benefits for your business checking account.

ACH Network Process ACH Transfers

FREQUENTLY ASKED QUESTIONS

What is an ACH transaction?

ACH payments are electronic payments bank-to-bank that go through the ACH network (Automated Clearing House). Funds move from one bank to another with the help of a centralized system that directs funds to their destination. Zil, the cloud-based banking platform, offers ACH processing with low transaction fees.

How do ACH payments work?

ACH payment processing is processed in two ways: debit and credit, and an electronic request is sent to the bank for any payment transaction. A third-party processor provides the tools to businesses to make this possible. The vendor receiving the funds gets authorization for the ACH transaction from the purchaser. Moreover, the ACH payments operator receives electronic entries and debits/credits from respective banks. Then the purchaser's bank records the transaction on the purchaser's account. Additionally, ACH is easy & secure with Zil.

How long do ACH transactions take?

ACH payments can take two to three business days to process. With Zil, you can process your payments with utmost ease and security. You can also go for the same-day ACH feature, which lets you process the payment on the same day.

ACH Payment vs Wire Transfer

The wire transfer process starts and ends with banks, while the Automated Clearing House uses a clearinghouse as its middle man between parties which reduces the risk for both sides since all transactions go through one entity rather than being handled manually in different locations. ACH payments are comparatively less expensive. With Zil, you can enjoy hassle-free ACH payment processing.

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