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Simplify the process of collecting payments and paying vendors with our suite of online ACH services.
Conveniently sends and receives payments electronically
Accelerates transaction processing
Mitigates the risk of check fraud
Decreases payment collection time
Reduces cost accumulation from credit card charges or mailing payments to multiple vendors
Pricing
With Cyprus Credit Union, you have flexible options to fit your business needs. We offer ACH packages ranging from $10-$30 a month:
ACH Lite: For businesses that want electronic payments and don't need high limits
ACH Standard: For businesses that want electronic payments and need higher limits
ACH Direct Deposit: For businesses looking to pay their employees easily
Getting Started
To get started or to ask questions, contact our team of business bankers at 801-260-7600 (extension 5150) or email BusinessBanking@CyprusCU.com.
Schedule a meeting with a Cyprus Business Banker
Select Location for Scheduling
Select a Location to Schedule Your Appointment
FAQs
What is an ACH?
ACH, or Automated Clearing House, is a convenient way for businesses to send and receive payments, typically within the United States.
How do ACH payments work?
You can easily create an ACH transaction through our Online Banking, which is sent electronically to another institution to either pay funds to someone else or pull funds into your Cyprus account.
Is ACH right for my business?
Yes! ACH is a great option for businesses that make payments via checks.
Is ACH a secure payment method?
Yes! They are generally much more secure than writing checks. Due to the high nature of fraud with writing checks, electronic payment methods are a great option for businesses looking to keep their account information safe.
What types of payments can be made via ACH?
Almost any type of transaction can be converted to ACH. Businesses can pay employees, vendors, independent contractors, and suppliers using ACH. They can also use ACH to collect rent payments or monthly dues.
How long does it take to receive an ACH?
ACH transactions are typically sent 24-48 hours after they are approved. They can also be scheduled to be sent at a future date.
What are the benefits of using ACH Services for my business?
ACH is a convenient way to reduce the risk of check fraud, lower the costs of writing checks, and get funds processed faster.
How do I get my business set up?
Getting started is as easy as contacting one of our Business Banking Officers. They will ask you a few simple questions to help complete our application. Once the application is signed and approved, one of our business specialists will reach out to provide training.
Business Money Market
APY AS HIGH AS4.65%
Business Growth Money Market
APY AS HIGH AS4.00%
Business Visa Platinum Rewards
APR as low as13.74%
The products and services on this page are offered through LPL Financial or its affiliates by Registered Representatives of LPL Financial. These products and services are not credit union deposits, not credit union guaranteed, not insured by NCUA or any other government agency, and may lose value. Cyprus Credit Union is a separate entity and is not affiliated with LPL Financial.
Links from the Cyprus Credit Union web site to other web sites are provided solely as a convenience to visitors.
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