Automated Clearing House (ACH)

Automated Clearing House (ACH) payment origination can be used to transmit funds electronically via the ACH network on a predetermined date. Payment files can be sent to Square 1 Bank through our online banking platform, eSquared, or through a direct transmission of a NACHA formatted file. ACH payments can be used to pay third parties such as a vendor payment, a tax payment or an employee reimbursement. ACH payments are a low cost alternative to wire transfer.