Designed especially for businesses, our Bill Pay service offers all the capabilities and comfort of traditional bill payment, but with online speed and convenience.
It's the fast, easy way to pay vendors, creditors, or any other person or company in the U.S., without writing a check, buying a stamp, or addressing an envelope.
Presidio Bank can meet the needs of companies that originate electronic funds transfers through the Automated Clearing House (ACH) and Wire Transfer networks.
What is ACH?
ACH stands for Automated Clearing House, a nationwide network through the Federal Reserve System that allows individuals to move payments electronically between financial institutions.
ACH Payments allow you to transfer funds to an account at another financial institution. Because we use the ACH payment network for this service, you reap the control benefits of sending money via ACH, such as specifying when the recipient actually receives the funds.
Payroll is the ability to credit multiple recipient accounts, regardless of where those accounts are held. This feature is most commonly used to allow you to pay employees over the Internet (aka Direct Deposit). One of the efficient features of this service is that you can split a payroll amount between two different accounts at two different banks, giving you better control of your resources.
Collections is a useful tool to collect recurring dues or fees from members or customers. While ACH Receipts debit one account at a time, Collections allows you to debit multiple accounts outside the bank at the same time and credits your account inside the bank for the sum total of those debits. Examples include:
UCC ARTICLE 4A DISCLOSURE
UCC Article 4A DisclosureDISCLOSURES REGARDING ELECTRONIC "WHOLESALE CREDIT" TRANSACTIONS SUBJECT TO UNIFORM COMMERCIAL CODE ARTICLE 4APROVISIONAL PAYMENT:
Credit given by us to you with respect to an automated clearing house credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive such final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with such entry, and the party making payment to you via such entry (i.e. the originator of the entry) shall not be deemed to have paid you in the amount of such entry.
NOTICE OF RECEIPT OF ENTRY:Under the operating rules of the National Automated Clearing House Association, which are applicable to ACH transactions involving your account, we are not required to give next day notice to you of receipt of an ACH item and we will not do so. However, we will continue to notify you of the receipt of payments in the periodic statement we provide to you.
CHOICE OF LAW:We may accept on your behalf payments to your account which have been transmitted through one or more Automated Clearing Houses ("ACH") and which are not subject to the Electronic Fund Transfer Act and your rights and obligations with respect to such payments shall be construed in accordance with and governed by the laws of the state of California, unless it has otherwise specified in a separate agreement that the law of some other state shall govern.
For questions call or write:1-415-229-8400PRESIDIO BANKOne Montgomery StreetSuite 2300San Francisco, CA 94104
Electronic tax payment service facilitates payments of your federal and state tax requirements. Utilizing Presidio Bank's Business eBanking Service, you will have complete control in the timing and disbursement of these funds. Presidio's online service also provides reporting capabilities for your tax payment records.
With Presidio Bank’s electronic funds transfer service you can transact internal book transfers, initiate domestic and international wires easily and securely. Send international wires in U.S. dollar or in foreign currency. Transfers can be initiated through a variety of options and receive instant real time confirmation of transfers.
For further information regarding Cash Management Services, please call or visit your local Presidio Bank office.