Automated Clearing House (ACH)
The Automated Clearing House (ACH)1, a nationwide network, gives you an electronic payment method that enables you to initiate debits and credits in a variety of consumer and commercial payment types. With this robust solution you maintain control of your funds until you decide payment should be made, and there’s never a need to write, process and reconcile checks.
Features include:
- Electronic processing to eliminate preparation and storage costs of paper
- Automated returns resulting in faster, more accurate representment/collection
- Distribution of remittance information and automating and simplifying reconcilement
- Information in standard format, improving consistency and machine readability of data
- Tiered security structure to provide data security
- ACH cross-border transfers to Canada
- Same-Day ACH processing
Business Wire Transfer
Wire payments are a way to achieve immediate availability of funds and same-day settlement (for most wire payments).
Wire transfers can be initiated in many ways:
- Online and electronic methods include Comerica Treasury Payments®, Comerica Integrated Payables WebTM, or Comerica Integrated PayablesTM secure file transfer products.
- By phone using our IVR and secure PIN
- In person at a local banking center
Wire transfers through our Treasury Management product offering also gives you the ability to:
- Set up alerts for easy notification
- Initiate wire transfers online from your computer for convenience
- Set up dual approval for additional security
- Create templates and schedule reoccurring payments for wire transfers done repetitively
- Initiate domestic, drawdown and international wires