Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

ACH Positive Pay


If you are a business owner, you should spend your time worrying about growing a successful business, not worrying about fraudulent transactions. That’s where ACH Positive Pay comes in. What is ACH Positive Pay? We’re glad you asked.

What is ACH Positive Pay?

ACH Positive Pay helps guard your business against unauthorized electronic activity. ACH stands for Automated Clearing House, which is a network that processes electronic payments. There are multiple benefits to using ACH Positive pay, such as:

  • Payments are credited to your account so you won’t need to take checks to the bank
  • ACH processing typically comes with fewer errors than collecting and depositing paper checks
  • You can automate attempts to collect bad checks, so you won’t have to deal with the same check twice

ACH Positive Pay at First Bank

First Bank provides ACH Positive Pay that allows business to collect payments from their customers, make payments to their vendors, and deposit payroll funds into their employees’ bank accounts. We can provide full ACH Positive Pay, which means any transaction that does not meet your requirements would require your approval. Or we will send you an email each time an ACH transaction posts to your account.

ACH Positive Pay is very user-friendly. Instead of having to go online to approve a payment or transaction, the system will call your phone and all you have to do is enter an authorization code to approve the payment. You’ll no longer have to go to the post office to mail checks, which will save you time and money.

If your company has experienced check fraud loss and wants to reduce exposure to fraudulent transactions, First Bank’s ACH Positive Pay could be a smart investment for your company.

Visit Your Local First Bank Today

To learn more about ACH Positive Pay or see a demo of how it works, visit a First Bank branch near you.

———

Sources:

NACHA: https://www.nacha.org/news/what-ach-quick-facts-about-automated-clearing-house-ach-network

Trending Topics

Is Contributing to a Nondeductible IRA Right for You?

If you're considering making contributions to a nondeductible IRA, first learn about all of your options. This quick guide will explain the differences between deductible, nondeductible and Roth IRAs and how…

Bank Accounts for North Carolina Businesses

If you’re running a business, you want to make sure your finances are in good order. First Bank* offers North Carolina businesses the bank accounts and merchant services tools needed…

How Much Should You Have In Savings at Age 25?

If you're wondering how much you should have in savings by the time you're 25, you're already on the right track. At an age where financial independence becomes increasingly more…

5 Financial Tips for Your 30s

Your thirties are a great time to get a handle on your finances and start investing in your future. Whether you want to buy a house, build up your retirement or spend time traveling the globe,…

What to Know About Joint Checking Accounts

Some of the biggest causes of stress in a relationship stem from finances. If you’re considering opening a joint checking account, there are some things you should know. Here are…

FHA Loans vs. Conventional Loans: How to Tell the Difference

Overwhelmed with the prospect of buying a home? FHA loans and conventional loans are likely two sources of financing that you’ve considered. Let First Bank help you understand these options…

Finance 101: Banking Basics

Finance 101: Investing in your financial future is one of the smartest things you can do. But there is more to building healthy finances than simply stashing away extra cash in your piggy bank.…

How To Make A Budget

The best way to save money and gain control over your finances is to make a budget. Follow these simple steps to make a budget that will save you money…

First Bank is One of the Top Banks in the U.S.A.

When searching for the top banks in the U.S., it is often smarter to work with a small community bank over a national bank like Wells Fargo or Bank of…

How Much Money Should I Have Saved by the Time I am 30?

Are you approaching 30? How much money do you have saved? According to CNN Money, someone between the ages of 25 and 30, who makes around $40,000 a year, should have at…