ACH Management

ACH Management

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


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 AS 3.90%

Business Growth Money Market

APY AS HIGH AS 4.00%

Business Rewards Visa Credit Card

APR as low as 13.24%
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. If you use these links, you will leave the Cyprus Credit Union web site.

The Credit Union does not have any responsibility or control over any of these external web sites, their content or their privacy policies. We do not endorse or make any representations about third-party external web sites, including any information, products, materials or results that may be obtained from using them.

If you decide to access any of the linked third-party web sites, you do so entirely at your own risk. You are encouraged to review the privacy notice for each linked web site.
You are about to send an e-mail message to Cyprus Credit Union or to one of our partner associations.

 Please do not send any personal financial information via Email.

 E-mail transmission cannot be guaranteed to be secure and information
could be intercepted, lost, or contain viruses.