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| AUTOMATED CLEARING HOUSE (ACH) |
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ACH provides security and convenience for direct deposit transactions such as
payroll and Social Security direct deposit. Recurring payments commonly
processed through ACH include payment of insurance premiums, monthly membership
dues, and other reoccurring amounts at designated intervals. This method
automates the process of moving funds from an account at one institution to an
account at another institution. DIRECT DEPOSIT/DIRECT DEBIT Save yourself a trip to the bank! Farmers State Bank’s direct deposit conveniently and automatically deposits your paycheck, Social Security payment or pension check into your checking or savings account in absolute safety. To pay bills, you may authorize a direct debit from your checking or savings account. You have the security of knowing that your money is safely in the bank, even if you are on vacation. This service is free of charge. AUTOMATIC TRANSFERS Automatic transfers provide a convenient way to transfer funds between accounts on a scheduled basis. You may transfer from one account to another or to a loan payment. Please contact us to make arrangements for this service. |
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