CIBC Automated Clearing House (ACH) U.S. Dollar Cross-Border Payment Service for Receivables

An easy and cost-effective way to collect recurring payments from clients in the United States.

CIBC ACH U.S. Dollar Cross-Border Payment Service for Receivables gives your business a fast and simple way to withdraw funds from clients' accounts and get paid on time, every time. It also makes collecting funds more predictable and cost-effective.

Typical ACH recurring payments include: association dues, cash concentrations, dealer payments, mortgage or loan payments, insurance and utility payments.

Gain better control of your cash flow

• Get paid on time
• You'll know exactly when funds will be available to you
• No need to wait for clients to put cheques in the mail

Reduce your administrative costs

• Put the time and resources that are currently used to open mail, sort payments, prepare a deposit and go to the bank to better use
• Send your payment file to CIBC, and your account will be credited on the date you request
• Reduce the cost of handling non sufficient fund (NSF)/funds not cleared (FNC) payments by adding an ACH Re-Presentment service option; NSF/FNC items are separated from other returned payments, and can then be re-presented to your client's bank in a second and third attempt to collect funds

Improve your client service

• Pre-authorized payments are convenient and cost-effective for your clients; give your clients peace of mind - once they establish an ACH pre-authorized payment with you, their payments will always be on time
• No need for clients to buy cheques, envelopes or postage to pay you

Is it right for my business?

Consider CIBC ACH U.S. Dollar Cross-Border Payment Service for Receivables if you:

• Want an inexpensive and simple way to receive payments from individuals or businesses in the U.S.
• Collect payments from your clients on a regular, recurring basis
• Want better control over your cash flow
• Have access to the Internet