Setting Up ACH Accounts

Setting Up ACH Accounts

If you service loans that use the ACH (Automated Clearing House) system to make payments, you must set up internal and external ACH accounts. The internal account is the account used for ACH loans when the borrowers have accounts with your institution. The external account is the account used for ACH loans when the borrowers have accounts at other institutions. After you set up these accounts, you can send an ACH file to the ACH System for all of your ACH loans.


If you are licensed to process credit/debit cards, see Overview of Credit Cards and Debit Cards.
  1. Open System Administration then click Setup on the System Administration screen. The Setup screen appears.
  2. Double-click ACH Control. The ACH Control Setup screen appears.
  3. Select Internal Accounts.
  4. Click Edit then click each tab. Enter the information for the account then click OK to save your changes.
  5.  Select External Accounts then repeat Step 4.
  6. If you are licensed to process credit/debit cards, see Overview of Credit Cards and Debit Cards.
  7. Click Close.

ArticleNumber:

000049275

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