Transfer Funds - Automatic Clearing House
What is an ACH?
ACH stands for Automatic Clearing House which means that it is an Automatic
Electronic Funds transfer from bank to bank. This is normally used for recurring
payments or deposits.
What is the benefit?
The fee is only $2.50 compared to a $18.00 wire transfer fee. There is no risk
of losing a check in the mail. You can have the money transferred regularly to your
account at another bank or have money pulled from your account at another bank to
pay your loan payment or to be deposited into your account at Farmers State Bank.
How do I originate an ACH?
You will need to know the Bank name, routing number, account number, name
and address of the person on the receiving account.
Please contact a Customer Service Representative to complete this