Using eTreasury+, our state-of-the-art Web-based treasury management system, you can streamline the transfer of funds and reduce the number of paper checks you write. Use ACH services for: direct deposit of payroll, pre-authorized payments, tax payments, and more.
An EDI item is a special type of ACH payment that has an addenda record attached to the financial transaction. The addenda record contains various pieces of information relating to the dollar amount being sent (an example of information included in an addenda record is the invoice number(s) that should be credited for the payment sent). People's United Bank is able to interpret this information and provide you with a same-day fax of information the sender put in the addenda record.
With ACH & EDI, you can:
- Improve productivity
- Increase accuracy and reduce errors
- Improve availability of funds, because ACH reduces delays caused by invoicing, mailing, or check processing
Equal Housing Lender
