Direct debit provides your business a cost effective way to collect payments electronically.  Based on receiving prior written authorization from the consumer, your business would initiate (originate) payment through the ACH.  Your business account is credited for net payment the same day as the consumer accounts are debited (settlement day).

 

Feature Business Benefit
Improved cash flow control Cash inflow is accelerated by eliminating mail delays and reducing availability constraints associated with check processing.
Alternative payment option Enhances your customer service.
ebiz Online Banking User friendly internet product which enables your business to create and transmit direct debit files through their personal computer. Learn more.

 

 

To open a Sandy Spring account:

Our Fair Lending Policy Statement is available to view online.

* Subject to credit approval.

 

 

 

 

 

 

 

 

 

 

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