electronicpayments.nacha.orgDirect Deposit

Nacha menuSafe, Smart, Fast Payments for Everyone. Whether you’re familiar with ACH or some of its more common names — , Direct Payment, direct debit, electronic funds transfer (EFT), or an electronic check (eCheck) — you’re already benefiting from its speed, security and ease of use. When you wake up on payday and see your pay deposited in your account at your financial institution. When you receive your tax return or Social Security benefit. When your car loan is paid automatically every month. That’s ACH. With ACH, you can receive s or make Direct Payments at home or on the go. The ACH Network electronically moves money and information from any U.S. bank account to another cost-effectively and securely. ACH payments are everywhere! Nacha oversees the ACH Network, setting and enforcing strict rules that protect your ACH payments and financial information. With ACH, personal information is more secure. Because your money is transferred electronically it is encrypted with bank level encryption, this protects your account, routing number, and other personal information from being compromised. With ACH, payments are processed fast. Virtually all regular ACH payments – except those scheduled for a future date or expedited for the Same Day – are settled no later than the next banking day. How to set up with your employer: 01 Tell your employer you’d like to be paid electronically with . 02 Your employer will provide you a simple form that authorizes electronic deposits into your checking and/or savings accounts. We recommend both with Split Deposit . 03 Once the authorization form is finalized, your employer will tell you when to expect to start receiving your pay electronically. Avoid fees and access your money quickly with . With , electronic payments are made directly into your bank account — there’s no check, and no trip to the bank. It’s just a predictable way of receiving money, and a more convenient way of benefiting from digital tools and money management apps that can help you budget. can be used for receiving: Wages Travel and expense reimbursements Pension/401(k) disbursements Annuities Dividend and interest payments Social Security and other government payments Tax and other refunds is the way 93% of American workers get paid, and 95% of workers are very satisfied with it. Save every time you get paid with Split Deposit. Split Deposit allows you to direct a fixed amount or percentage of your pay into a savings or investment account each pay period. You’ll save automatically every time you get paid, and it’s free! Ask your employer if you’re not already using Split Deposit. Direct Payment How to use Direct Payment: Sign up with companies that send you bills by contacting them directly or logging on to their websites, or Use your financial institution’s online banking website or mobile app to make or schedule Direct Payment Control when you pay your bills with Direct Payment. With Direct Payment, you can pay for nearly anything electronically. It’s a no-touch, environmentally friendly way to use your checking or savings account to: Pay your monthly bills Donate to your favorite charity Send money to a friend Fund an investment account Pay businesses for their products and services Make insurance, tax and homeowner association (HOA) payments Pay your tuition Automatically pay your mortgage, automobile payments, and other loans With recurring payments, just set it and forget it. With Direct Payment, you can eliminate the worry of whether or not your check will arrive on time by setting up a recurring payment for things like student loans or mortgage payments. Employers: Ready to set up ACH Payments? ACH Quick Start Tool Share info about direct deposit. The latest news & information Spread the word. Delivers. Still Curious? What is ACH? How works How Direct Payment works Nacha Footer menu Contact Promotional Opportunities Privacy Policy Careers Code of Conduct Social Media links Twitter Linkedin Facebook Youtube © 2021 Nacha. All Rights...