This is a simple, secure and reliable service which enables individuals, large and small organisations to make payments by electronic transfer directly into a bank account. It involves a debit to an account in the sender´s bank and a transfer of the amount of money directly into the beneficiary´s account in another bank.

This Credit Push instrument can be used for Payment of salaries, pensions, welfare benefits, commissions, supplier payments, dividend & refunds, interest payments, government payments, business-to-business payments etc. There are 2 forms of ACH Direct Credit services namely;

1. Normal ACH Direct Credit: Used to DISBURSE funds into bank accounts. This could be single or bulk payments. Clients receive funds the next day after the session ends at 4pm.
2. Express ACH Direct Credit: This is a premium service used to DISBURSE funds into bank accounts between 11am and 12pm. Clients receive funds after the session ends at 2pm on the same day. Banks charge a special rate for this service.

BENEFITS OF ACH DIRECT CREDIT

• Prompt receipt of Payments.
• Saves time and effort
• Safer and more secure
• Quicker access to funds
• Allows bulk disbursement of funds