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Electronic Payment Services
You’re a business owner — you have a lot going on. Make life easier with CEFCU Business Electronic Payment Services.
With Business Electronic Payment Services, you can set up:
- Employer HSA Contributions
- Direct Deposit of Payroll
- Pass-Thru Payroll
- Vendor Payments/Invoicing
- Tax Payments
- Same-Day ACH Origination
- Child Support Payments
- ACH Origination through Subsidiaries
Your business can benefit from same-day electronic services.
- Late payroll
Use Same-Day ACH if a payroll deadline gets missed. Just submit a payroll file in the morning so funds can be available to employees later that day.
- Paying hourly and/or temporary employees
Cut down on the time between when hours are reported and payroll is received. With Same-Day ACH, payroll files can be submitted and available to employees the same day.
- Separation pay
Pay employees the same day they are terminated. You won’t have to write a check or use cash.
Same-Day Transfer Setup
If you’re already using our payment and transfer services, just call 1.800.633.7077, ext. 33490 or 309.633.3490 to set up a transfer today.
Don’t use our payment and transfer services yet? Call 1.800.633.7077, ext. 37065 or 309.633.7065 to sign up for these convenient services, including same-day payments.
Cut-off time: Call us by noon (CT) in order to meet the federal processing deadline.
Same-Day ACH is affordable, too!
Fee: Just $0.25 per transaction — only $0.10 more than traditional ACH transactions.
*Same-day services require set up by Noon (CT).