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One of the fastest, most economical ways to convert your receivables into cash is with IBC Bank’s ACH service. ACH debits eliminate the paper associated with accounts receivable functions by electronically transferring funds from your customers’ accounts to your IBC account. ACH debits are ideal for recurring payments, such as insurance premiums, loan payments, utility payments, subscriptions, fees or dues. ACH debits can also consolidate funds deposited in outlying divisions by operating branches or subsidiaries.
For more information, please contact an IBC representative or visit your nearest IBC branch.