ACH Origination (Automatic Clearing House Transactions )
With ACH credit, you can establish automatic and repetitive payment schedules such as state and federal payroll taxes, as well as offer direct payroll deposit to your employees. ACH debit features automatic collection for invoices, monthly dues and other recurring payments, enabling you to collect revenues in a timely manner.

Important Information For ACH Origination Customers
ACH transactions are required to be verified against the Office of Foreign Assets Control (OFAC) list published on the U.S. Treasury’s Official Website. You are required to verify payments initiated on the online banking system in accordance with the OFAC laws and regulations. For additional information regarding OFAC, Please click on the link below.

Wires Transfer
When you need to move funds to and from your United Labor Bank account on a same-day basis, a wire transfer is a fast, safe and convenient way to move money.

Positive Pay
The positive pay system is a fraud prevention tool. The bank can set up a business checking account to use the positive pay system. With the account setup, a business can upload to the bank a list of checks written. Checks presented for payment at the bank are compared with the Positive Pay file. If the check attempting to clear is not on the list, it is rejected. The bank can either have the checks reject or post with a warning code.

Check Reconciliation
Ability to download your account information into your company accounting package. You can reconcile your account daily if desired, or as often as you need. Ideal for the client with high volume checking accounts.

Lockbox Services
Our Lockbox services are the key to faster, more efficient processing of employer monthly contributions. United Labor Bank can speed payment processing, translating into more readily accessible funds. Lockbox was designed to relieve you of the time consuming clerical tasks associated with accepting contributions.

We handle the repetitive tasks of picking up the mail; opening envelopes; and scrutinizing, endorsing and depositing checks. Our staff and automated equipment deal with high volumes. These economies of scale work to your advantage, providing low-cost payment processing.