Payments

Commercial payments are transactions that businesses or corporations create to pay or collect funds using these payment options:

1. ACH
2. Wires
   

*These features are for commercial accounts only. Interested businesses can reach out to Treasury Services for more information and enrollment. View the applicable fees for our business accounts.

Templates

Templates help you reduce error rates, delegate tasks, and control regular payments. With templates, it’s easy for you to set up and use repetitive payments, including:

• Payments to vendors and suppliers
• Collections from customers
• Payroll payments

Each type of payment template is different, depending on what payment options you have requested. Payment templates can be used, but not limited to, the following:

• Creating one-time payments and to create templates to automate routine payments
• Making recurring future payments by setting specified schedules
• Making a payment to recipients with single or multiple accounts, and making the payment to one-time recipients by not saving their information
• Choosing to make ACH, wires, payroll, or payment from file payments
  

Assigning a Template to your employees

You can create a template and assign it to another user (employee). You can also control how that user can access, use, and change the template. Depending on the user’s rights, that user can do some or all of the following:

• Create a payment from the template and change only the date, amount,
  and description.
• Create a payment from the template and change any field.
• Edit the template and save the changes for all users.

Multiple recipients can be added to a Payment Template (ex: Employees for payroll, etc.)

Create an ACH Payment Template

1. In the navigation Menu, select Commercial > Payments.
   

2. Select New Template, then select the ACH payment type (ACH Payment, ACH Receipt, ACH Batch, or ACH Collection).
   

3. Enter the Template Name.
4. In the Grant User Access section, select a User to give access to for the template, then select Next.
5. On the Recipient & Amount tab, select an ACH Class Code, enter a Company Entry Description, and select a Recipient from the list.
   1. Optional – If you have the ability to Manage Recipients, select New Recipient to create and assign a new recipient.
   2. In the Recipient Detail tab, enter details, then select Next. ACH names can be up to 22 characters long and are required if the recipient record contains an ACH account and the system requires it.
   3. Optional – In the Account – New tab, enter details for the recipient, select Save Recipient, then select OK or Create Recipient.
   4. If you have multiple Recipients, select Single-Entry or Recurring on the Set All To menu. This option is available when you select an ACH Class code of WEB or TEL, and you can change individual Payment Type Codes in the Recipient information row.
   5. Select the Notify check box to notify the Recipient, otherwise, leave this unchecked. Enter an Amount, and enter an Addendum.
   6. For recipients with multiple accounts, select the horizontal bars on the Recipient, select the accounts, then select or tap OK. Select Edit (pencil icon) to edit the Recipient, then select Next.
   7. If available, select a Subsidiary, then select Next.
6. Select the Account from which you want to make the payment, then select Next.
7. On the Review and Submit tab, select an Effective Date.
   1. Optional – Select Set Schedule to set up a recurring schedule. Select a date on the When should this transaction stop? calendar, or select Repeat Forever and select Save.
8. Select Draft or Approve.
9. A confirmation message appears. Select Close.

*Interested businesses can reach out to Treasury Services for more information and enrollment.