Holiday Hours - January 19th, 2026
All branches of EWSB will be closed in observance of Martin Luther King Jr. Day, this Monday, January 19, 2026.
Online and Mobile Banking is available 24/7!
ACH Origination
ACH (Automated Clearing House) origination allows businesses to electronically send and receive payments through the ACH network. It can be used for both disbursements (send) and collections (receive).
How It Works:
- Send (ACH Credit): Businesses push funds out to other parties.
Examples: Direct deposit of payroll, vendor payments, employee expense reimbursements, government benefit disbursements.
- Collect (ACH Debit): Businesses pull funds in from customers or counterparties with proper authorization.
Examples: Collecting customer bill payments, recurring membership dues, utility payments, loan repayments.
Benefits of ACH Origination:
- Cost-Effective: Lower transaction costs compared to checks or card payments.
- Efficient: Faster settlement than paper checks, with predictable timing.
- Secure: Reduces risk of lost/stolen checks and provides electronic recordkeeping.
- Convenient: Automates recurring payments and collections, saving time for both businesses and customers.
- Improved Cash Flow Management: Businesses can better forecast and control inflows and outflows.
- Widely Accepted: ACH is a standard, trusted method for payroll, billing, and vendor payments across industries.
Common Uses / Services:
- Payroll direct deposit
- Customer Bill-Pay or recurring subscriptions
- Vendor/supplier payments
- Loan payment collection
- Charitable donation programs
- Rent collection
- Government/tax payments