Somerset Trust Company STC Anywhere for Business Guide

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Getting Started

Various types of payment methods are offered through STC Anywhere for Business, including wire and ACH transfers. Though they are both quick electronic payments, wires are the fastest way to transfer money between a Somerset Trust account and accounts at other financial institutions. ACH transactions can be sent as a single payment or batch (multiple) payment. These funds are generally not available until the next business day. Please call us at (800) 972-1651 for a full list of wire and ACH fees or if you have any questions. STC Anywhere for Business Transaction Types Transaction Type Overview

Type

Description

Upload a NACHA-formatted file.

ACH Upload

Single

Pay or collect to a single recipient.

ACH Batch

Pay or collect to several recipients.

ACH Import

Import a csv formatted file.

Domestic Wire

Send a wire to a recipient within the US.

Send a wire to a recipient in a different country.

International Wire

Getting Started: Transaction Type Overview