ACH & Wire Transfers

Automated Clearing House (ACH)
With next-day settlement, ACH allows you to improve your payment processing efficiency and accuracy, and reduce expenses.

We offer ACH services for businesses that want to collect funds and make payments electronically in batches through the national ACH network. Typical ACH applications include:

• direct deposit of payroll
• dividends
• annuities
• monthly payments and collections
• federal and state tax payments

ACH can also be used to collect mortgage payments, membership dues, and utility payments.

Sovereign offers several vehicles for originating ACH transactions, including Direct Transmissions via FTP and Business Online Banking.

Wire Transfer
Sovereign's Wire Transfer service is the most expedient method for transferring funds between your Sovereign business account and other bank accounts.

It can be used for domestic or international transactions in which no cash or check exchange is involved, but the account balance is directly debited electronically and the funds are transferred to another account in “real time.”

Sovereign offers multiple delivery channels to quickly, reliably, and securely initiate an immediate domestic or international transfer through our Wire Room, using your assigned Personal Identification Number, over the telephone or through Business Online Banking.