ACH Electronic Funds Transfers
An efficient mechanism for companies to pay employees or collect payments electronically on a regular basis.
Call 866.867.1570 to speak to a Treasury Management relationship manager.
Direct Debits
Want a cost-effective way to collect payments electronically? Direct Debits can make it happen.
Improve your cash flow control by eliminating mail delays, enhance your customer service by offering an alternative payment option, reduce expenses and make it easy with ebiz Business Online Banking.
Here’s how it works. Get written authorization from your client, and then your business can initiate payment through the Automated Clearing House (ACH). Your account is credited for net payment the same day as your client accounts are debited.
View our Fair Lending Policy statement.
* Subject to credit approval.
Direct Payments
By using the Automated Clearing House (ACH) to make electronic payments, you can save expenses, increase security and streamline account reconciliation. Direct Payments can be made to your employees (Direct Deposit of Payroll) a benefit employees have come to expect. Direct Deposit of Payroll eliminates the hassle of your employees having to cash their paycheck and automatically credits their bank account with their net pay on pay day. Vendors can also be paid with Direct Payments through the ACH, saving you the cost of wire transfers or paper checks. You can ensure your vendors are paid on time and at a lower cost.
Same Day ACH Direct Payment is also available. This service adds the value of being able to send and settle Direct Payments on the same day.
We’ll offer your employees who have their pay deposited at Sandy Spring Bank a package of financial services, including free checking. You can use ebiz Online Banking to get it all done.
Call 866.867.1570 to speak to a Treasury Management relationship manager.
View our Fair Lending Policy statement.
* Subject to credit approval.