Setting Up ACH Payment Services with Chase: A Step-by-Step Guide

As a business owner, managing your finances and making payments to vendors or employees can be a daunting task. Fortunately, Chase offers a convenient solution through its ACH (Automated Clearing House) Payment Services. In this article, we will walk you through the process of setting up and using this service.

Adding Payees

To start using ACH Payment Services, you need to add payees to your account. You can do this by uploading a file containing your payees' information or adding them one by one. If you don't know the routing number of a payee, you can look it up on the Federal Reserve E-payments Routing Directory.

To add a payee, you will need their bank account number and routing number. You can do this by choosing 'Add Payee' from the top navigation menu or by clicking on the 'Close' button to return to your account information.

Activating ACH Payment Services

Once you have added all your payees, you need to activate ACH Payment Services. To do this, follow these steps:

1. Log in to Chase Business Online.

2. Choose 'ACH Payment Services' from the top navigation menu.

3. Click on 'Pay & Transfer' at the top of the page.

4. Follow the prompts to confirm your activation and billing account.

Scheduling Payments

Once you have activated ACH Payment Services, you can start scheduling payments to your payees. You can do this by selecting the payee from the list and choosing the payment date and amount.

Any payments you schedule by 8 PM ET will credit to the payee's account in as little as the next business day. You can set up one payee or several at a time for easy payment scheduling.

Security and Settlement

ACH Payment Services offers a fast way to send one-time or repeating ACH payments with as little as one-day settlement using Chase's secure systems. Your transactions are protected by robust security measures, ensuring that your sensitive financial information remains safe.

Resolving Disputes

If you have any issues with a payment or dispute, you can contact Chase's customer support team for assistance. They will work with you to resolve the issue and ensure that your payments are processed correctly.

In conclusion, ACH Payment Services is a convenient and secure way to make payments to your vendors or employees. By following these steps, you can set up and start using this service to streamline your payment process.

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