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Corporate Access to ACH Capabilities

What type of checking account would I open for a corporation that gives the corporation ACH ability?


If a depository institution provides its business customers access to ACH origination, it's not usually dependent on a specific type of account. The ACH access is generally a separate service that can allow the business to create ACH transactions.

The bank will generally require a checking account, and will normally complete a credit check on the business before permitting ACH access. The bank may have specific funding requirements if the business will be creating ACH credits such as payroll entries, to ensure the business can pay for those transactions when required. You should talk with your bank's account officer to determine whether ACH service is available, and under what terms.

Published on BankingQuestions.com 10/05/06