An ACH Payment—or Direct Deposit—is an electronic money transfer made between banks and credit unions across a network called the Automated Clearing House (ACH). It is one of the several ways CashCloud allows users to handle their Payments.
The ACH Configuration dashboard allows you to set up and manage multiple ACH configurations to automatically export your payments to your bank account(s). To get started, navigate to Settings, select the Banks subgroup, and click ACH Configuration.
Note: You can have as many ACH Configurations as needed.
Create an ACH Configuration
1.To create a new ACH Configuration, select the purple Create ACH Configuration button on the top right of the page.
2.Select which Bank you wish to use for this configuration. Note: If you do not see your desired bank listed on the dropdown menu, please create a new bank from the Banks dashboard.
3.Fill out the NACHA Configuration information. This includes the File Header, Batch Header, and Entry Detail subgroups. Please refer to your company Payment information when filling out this section.
4.Optional: If you would like to set up Automatic Generation, toggle the button under Connection Information and fill out the appropriate fields. Otherwise, the ACH Configuration will be manual.
5.Select the Create ACH Configuration button at the top right of the page to save your configuration.