Cash Management Resources

Cash Management Tools

Make the most of your business online banking with these Cash Management tools.  Applications can be picked up at any branch location and are subject to approval.  Contracts of use must be renewed annually for these services.

For more information about how your company can benefit from one or more of these services please contact your local branch.

ACH Origination

Introduction to the ACH Network

The Automated Clearing House (ACH) Network is a batch processing, store-and-forward system, governed by the National Automate Clearing House Association (NACHA) Operating Rules, which provide for the interbank clearing of electronic payments for participating depository financial institutions.

Transactions received by the financial institution during the day are stored and processed later in a batch mode.  Rather than sending each payment separately, ACH transactions are accumulated and sorted by destination for transmission during a predetermined period.  This method provides faster and significantly less expensive processing than paper checks.  Instead of using paper to carry necessary information , ACH transactions are sent electronically between financial institutions through secure data transmission.

Examples of ACH transations include:

  • Direct Deposit of payroll, Social Security and other government benefits, and tax refunds
  • Direct payments of consumer bills such as mortgages, loans, utility bills, and insurance premiums
  • Business-to-business payments
  • e-Commerce payments
  • Federal, state, and local payments

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Help is available on every screen

Did you know there is a Help tool for every screen in your Online Banking and Cash Management service?  In the upper right corner of your Online Banking you will see the links for Help, Logout, and Print.  The Help link has information pertinent for each page of Online Banking, and will open a new window with instructional information.

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2015 NACHA Operating Rules & Guidelines

The 2015 issue of the NACHA Operating Rules & Guidelines is currently available in three different formats; Print Edition, CD Version, and Online Access Only (code).  You may request copies of the Corporate 2015 Rules by contacting the Internet Banking department at or by sending a BankMail message through Online Banking.

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Remote Deposit Capture

Remote Deposit Capture is a service which allows companies to scan their own checks and transmit those check images over a secure internet connection to their bank for posting and clearing.  Do you have a high volume of check transactions to your business by mail, or a remote office?  Remote Deposit Capture saves valuable time and money for your company if you can scan and deposit your checks directly to your business account from your office without mailing your deposits or visiting your local branch.

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ACH Transaction Flow

  • Originator
    Any individual, corporation or other entity that initiates entries into the ACH Network.Example: Company ABC, a Cash Management customer of First Bank of TN, creates a payroll file through Online Banking on Wednesday morning.
    Originating Depository Financial Institution (ODFI)
    Any financial institution that originates ACH entries at the request of his ACH Origination customers. All ODFI's must abide by the NACHA Operating Rules. Example: First Bank of TN sends Company ABC's payroll file to the Federal Reserve Bank on Wednesday afternoon.
    ACH Operators
    The Federal Reserve Bank and the Electronic Payment Network act as ACH Operators, the central clearing facilities through which financial institutions transmit or receive ACH entries. Please Note: Neither of these organizations will ever contact an individual or corporation directly.Example: Federal Reserve Bank processes Company ABC's file on Thursday.
    Receiving Depository Financial Institution (RDFI)
    Any financial institution qualified to receive ACH entries. All RDFI's must abide by the NACHA Operating Rules. Example: the Bank of Company ABC's employee receives the payroll file from the Federal Reserve Bank on Thursday afternoon or Friday morning.
    Any individual, corporation, or other entity that has authorized an Originator to initiate a credit or debit entry to a transaction account held at an RDFI. Example: Company ABC's employee receives direct deposit payroll into his/her account on Friday.

National ACH Association

Federal Reserve Holidays

  • The ACH Network only processes transactions on business days, which are non-weekend, non-Federal Reserve Bank holidays. Please keep this in mind when scheduling ACH payments. Please visit the Federal Reserve Website for current holiday calendar.