Automated Clearing House Collections
Collect payments and convert your receivables into working capital faster while saving your staff from the slow and painful process of collecting and processing recurring payments from your customers—all with Fifth Third Bank’s Automated Clearing House (ACH) Collections. Clearing items through ACH also means lower processing costs and fewer errors compared to traditional check methods.
Our ACH Collections help you:
- Receive payments into your bank account electronically.
- Process Internet and telephone receivables quickly and efficiently.
- Convert checks into electronic funds transfers.
- Mitigate the hassles, risk or error, and costs of paper.
- Access detailed daily reports and monthly summaries through Fifth Third DirectSM, our web-based portal.
We know that streamlining repetitive receivables and reducing processing costs are important to you, regardless of the size of your organization. Our ACH transfers are set up to help you achieve these goals.
ACH Collections are ideal for:
- Customer receipts
- Consumer bill payments
You can count on our help to:
- Convert receivables into working capital more quickly and cost-effectively.
- Simplify collection processes.
- Reduce late payments.
- Obtain more accurate and accessible payment information.
- Enhance fraud control with ACH processing.