How does ACH Payment differ from Bill payment?
• ACH allows Users to make a free format payment without setting up beneficiaries previously. • Recurring payments can be set up as “ongoing” or perpetual in ACH Payment, but in Bill Pay there must be a time limit. • Different beneficiary information is required for ACH Payments such as Beneficiary ID, Routing Number, and Beneficiary Type. Bill Pay requires a payee name, account number address and phone. • ACH Payments can be set up to go to more than one party for both one-time and recurring payments. Bill Payments can be set up to go to 8 payees at a time for immediate payments but only one at a time for recurring payments. • When amending or deleting a recurring ACH Payment, you are dealing with the Payment instruction and affect all future payments. For Bill Payment, you are dealing with an actual payment that falls within a 30-day period. • To search for pending ACH payments Users must access the forward dated payments function. To search for historical ACH payments, Users must pe
