ACH & Wires
With ACH and wire services through the Payments & Transfers tab in ANB Go Business, you can send and receive payments with confidence. Whether you’re paying vendors, collecting payments, or moving funds between accounts, these services offer timely, secure, cost-effective ways to handle recurring or high-volume transactions.
Common ACH & wires questions
What is a recipient?
A recipient (previously called ‘payee’) is an individual or business that you are sending money to or collecting money from.
Learn moreCan I send same-day ACH transactions?
Yes. All existing ACH users will be able to create entries which settle on the same business day within the new system. The same-day cutoff time of 2:30 p.m. CST. Additional fees may apply.
What if I don’t want to pay an existing recipient within a saved template?
If you don’t want a recipient to be paid or debited, click on elipsis next to the recipient and mark the DO NOT COLLECT or DO NOT PAY box.
How do I send a prenote to a new account?
You can use a payment to send a prenote to an account. To send a pre-note to a newly established recipient, send a $0.00 ACH transaction to the recipient account. The pre-note confirms the validity of a routing number and account at the receiving financial institution, without any movement of funds taking place.
What is an ACH payment template?
An ACH payment template allows you to save a transaction and reuse it. Payment templates can contain multiple recipients.
Learn moreCan I restrict users to specific permissions and account rights?
Yes. ANB Go Business Enterprise users can assign transaction type rights, limits and account permissions to match your business needs.
To learn more about User Management go to Support > Using ANB Go Business > Business Banking > User Management.
To learn more about User Roles go to Support > Using ANB Go Business > Corporate Banking > Corporate Features.What do the different transaction statuses mean?
Drafted: The transaction has been created in the system. Drafted transactions require approval before being processed. Drafted transactions can be canceled.
Authorized: The transaction is ready for processing and requires no further actions before being processed. Authorized transactions can be canceled.
Processed: The transaction has been successfully submitted to an external system. For example, a wire transaction that has been successfully transmitted to a third-party would be considered processed. These transactions cannot be canceled.
Canceled: The transaction is no longer being processed. Once canceled, the transaction status cannot be reversed. Canceled transactions are not eligible for processing.How can I request an ACH reversal?
You can request an ACH reversal from the Online Transaction Activity page by locating the file/transaction and choosing the reverse option in the action toggle/vertical three-dot menu. Go to Payments & Transfers > Online Transaction Activity > find the transaction you wish to reverse > toggle ellipsis (three dots) > Reverse.
What are the ACH cutoff times?
ACH cutoff times are:
6:30 P.M. CT for next day
2:30 P.M. CT for same day.
What ACH transaction types are available in ANB Go Business?
ACH batch: Sending money to recipient(s). Also known as ACH credit.
ACH collections: Collecting or pulling money from recipient(s). Also known as ACH debit.
Payroll: Sending money to recipient(s)/employee(s).What is a subsidiary? (ACH Company ID)
A Subsidiary is the company/entity (the Company ID) that you are initiating the payment from. The subsidiary record will contain company information (such as an ACH Co ID) that is needed to complete the transaction.
Can I create a custom ACH file map?
Yes. Through the Upload Wizard you can create a custom file map to upload your ACH file. Learn more
What if I draft an ACH payment(s) over my ACH limit?
You will receive a Payment Error message. You will need to correct the error in order to draft the payment.
Can I approve a future-dated payment the day after it was drafted?
Yes. All future-dated payments must be approved before the scheduled processing date. If it’s not approved before the scheduled date, the transaction must be re-entered. To be eligible to approve a transaction, users must have approval rights for the transaction type.
Can I assign dual action rights for ACH transaction processing?
Yes. Dual action requires a transaction to be approved by a different user from the one who created it, even if the drafter has approval rights. If a client has dual action for any users, it will apply to all users.
Can I assign dual action rights for recipients & templates?
You can assign dual action approval for new recipients and recipient changes. Templates do not require dual action.
Note: Users must have draft transaction rights, manage recipient rights and manage template rights to create a template.Can domestic and international wire limits be different in the new platform?
Yes. Domestic and international wires can have different limits.
How are domestic and international wire limits determined?
Wire limits are now set at the wire type level instead of only at the account level:
– Domestic wire limits are based on your previous limit.
– International wire limits are based on your previous transaction activity.
Tutorials & guides
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Information Reporting
Read moreLearn how to run an information report in ANB Go Business.
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Wire Upload from File
Read moreThe wire upload function allows you to upload a formatted CSV file containing multiple wire transfers instead of inputting the wire information manually.
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Split Transactions
Read moreThe split transaction option is available for recipients of Payroll transactions who have at least two accounts.
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Recipient Upload from Batch
Read moreFollow these instructions to upload a recipient list from a batch.
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Recipient Management
Read moreLearn how to setup and manage ACH & Wire recipients.
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Multi-Wire Origination
Read moreFollow these instructions to send multiple wires.
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Create a Payment Template
Read moreLearn how to create a payment template for recurring payments.
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Initiate an ACH Payment
Read moreFollow these instructions to initiate an ACH payment.