Treasury Management Services

Automated Clearing House (ACH) Debit Origination/Cash Concentration

How it works - Debit Origination
  1. You build your ACH file in the standard ACH (NACHA) format using the information provided by your clients.
  2. You transmit your debit file to Compass at least one day prior to the effective payment date for processing.
  3. The files can be sent using Compass e-Access®, Compass e-Transmit®, Secure FTP or a third party vendor.
  4. Funds are posted to your Compass account on the settlement date. You can elect to receive notification of returned items via fax or via Compass e-Access.
How it works - Cash Concentration
  1. You build your ACH file in the standard ACH (NACHA) format using the information for each of your financial institutions.
  2. You transmit your file to Compass for processing.
  3. The files can be sent via Compass e-Access, Compass e-Transmit or Connect:Mailbox.
  4. Funds are concentrated into the lead account on the specified settlement date.

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