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Simplify the business of being in business.
- You receive or make recurring payments.
- You want to reduce costs.
- You have multiple bank relationships.
- You would like to reduce the risk of check fraud.
Collections & Drafts
Electronic Collections are ideal for recurring receivables such as insurance, leases, loans, utilities, subscriptions and membership fees. Your customers authorize an electronic debit, and those funds are electronically transferred to your Easthigh Credit Union account on the specified date. The system can also be used to easily manage multiple accounts at different banks.
Benefits
- Can reduce costs
- Maximize your investment potential to increase earnings
- Submit transactions directly via our online banking system
- Save customers time with recurring payments
Everywhere Electronic Payments
Electronic payments can be used to disburse funds such as direct deposit of payroll, expense reimbursement, royalty or vendor payments.1
With Everywhere Electronic Payments, you maintain control of available funds until the moment you need them to cover disbursements; while also reducing the time and expense of writing, processing and reconciling checks. The items are processed automatically, and the payees’ accounts are funded by a single debit to your Easthigh Credit Union account.
Benefits
- Can reduce expenses
- Eliminate costs associated with a paper-based payment system
- Reduce check fraud losses
- Submit transactions directly via our online banking system
Electronic Tax Payments
Easthigh Credit Union makes it easy and convenient to pay federal, state and many local business taxes online, while staying compliant with IRS Electronic Federal Tax Payment System (EFTPS) requirements.
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- Subject to credit approval.