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ach and payroll
The ACH (Automated Clearing House Network) is a highly reliable and efficient nationwide electronic funds transfer system. Lake Elmo Bank provides on-site training. Some of the options you can use with our ACH program include:
- Direct deposit employee payroll. Eliminate paper checks and have your employees' payroll deposited into their checking account electronically.
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- Collect recurring payments from your customers.
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- Make your own transfers between financial institutions.
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- Create files by using your current software or use Lake Elmo Bank's Online Banking package.
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- Collect monthly association dues.
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