Nusenda Credit Union: Business Internet Bank

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Getting Started

Transaction Type Overview

You can send various types of payments within your Business Internet Banking. This section explains a wire vs ACH and what each transaction type does. Please call us at 889-7755 (800-347-2838 outside the Albuquerque area) if you have questions about wire or ACH transfer fees. Sending a Wire Vs Sending an ACH Transaction Wire Transfers are the quickest electronic transfers between accounts, providing a real-time option for sending money. ACH Transactions are similar to wire transfers, but the bank uses a batch process. Although it is less expensive option, funds are generally not available until the next business day.

Business Internet Banking Transaction Types

Type

Description

Upload a NACHA-formatted file.

ACH Pass-Thru

ACH Payment

Send a payment to one recipient.

ACH Batch

Send a payment to several recipients.

Domestic Wire

Send a wire to a recipient within the US.

Send a wire to a recipient in a different country.

International Wire

Send payroll to several recipients. If a recipient has more than one account, you can split that payment into several accounts.

Payroll

Tax Payment

Send federal payments.

Getting Started: Transaction Type Overview