ACH Manager provides access to submit ACH files directly from Drake Bank Business Online Banking, helping reduce the time and costs of processing your direct deposit, payroll, and vendor payments. Features include:
Follow these steps if you are an authorized user for ACH Manager.
If you are not set up for Dual Control, skip this step.
NACHA (National Automated Clearing House Association) establishes rules for all ACH transactions in the United States. All clients must meet NACHA Operating Rules, including the following requirements related to ACH Authorization Forms.
You must collect a signed authorization form from all clients, vendors, employees, or other third parties before initiating any debit or credit transaction to or from their account(s).
Completed authorization forms must be retained for two (2) years after the authorization is terminated or revoked.
We may periodically request copies of these authorization forms to verify your compliance with NACHA guidelines.
Same-Day ACH Files should be submitted by 12:50 PM CST; otherwise, the cut-off time for receiving standard ACH Files is 4:30 PM CST.
No, the dual control requires a second person to review and approve the ACH File before the Bank processes it.
Have questions? Contact our product support team today—we’re here to help.
Access business online banking and learn about other online banking features.
Check out additional services to help manage your business accounts and activity.
1 Mobile Banking can be used to approve ACH files; other ACH Manager functionality requires Online Banking access through a web browser.
We’re here to make your relationship with money simpler and more meaningful, helping you reach the future you’re aiming for.
You can access Online Banking through the links in our top menu.
Additionally, we encourage you to explore the new site and additional resources available under the ‘Resources’ dropdown menu.
If you have any questions or need help finding anything, feel free to contact our team.
