Wolters Kluwer Wire Transfer Agreement
One of the many benefits that banks and other financial institutions offer to maintain your business is the electronic transfer of payroll funds to accounts designated by your employees. This can save you time and effort by reducing the need for manual preparation and exam issuance. The Electronic Funds Transfer Authorization Form includes a form that allows you to collect from your employees the information necessary to implement an electronic transfer program. Electronic payments require fewer resources to write and send cheques, in addition to postage, paper cheque, ink and handling fees. Online payments are processed much faster than paper checks and can ensure on-time payments and payments on the day the customer wants to pay. There is no need to spend time and resources sending a check or working with a credit card company to make the payment, as ACH payments are sent directly from one bank account to another. ACH payments cost an average of $0.15 to $2.00 per transaction, which is lower than all other payment methods ($1 to $20 for paper cheques up to 3% for credit cards). If a company decides to pass on the processing fee to the customer, ACH can minimize the amount of the fee. The file is in Rich Text Format (RTF), which is suitable for use with most word processing programs used in the Windows environment.
Please send your payment details to ensure proper application to your account. ACH payments go from one bank account to another, which doesn`t have the potential for chargebacks and minimizes fraud, unlike payments made with paper checks or credit cards. Unlike credit cards, bank accounts don`t have an expiration date, and therefore ACH information doesn`t need to be updated regularly, ensuring continuous payments and minimal manual effort. .