ACH Manager

Streamline Your Payment Process

ACH Manager provides access to submit ACH files directly from Drake Bank Business Online Banking, helping reduce the time and costs of processing your direct deposit, payroll, and vendor payments. Features include:

Ability to initiate payments and collections
Fast access to funds with payment process efficiencies
Create and save templates for repetitive payments and collections
Reduced fraud with authorization and user controls

Authorization Form Requirement

NACHA (National Automated Clearing House Association) establishes rules for all ACH transactions in the United States. All clients must meet NACHA Operating Rules, including the following requirements related to ACH Authorization Forms.

Signed Authorization

You must collect a signed authorization form from all clients, vendors, employees, or other third parties before initiating any debit or credit transaction to or from their account(s).

Retention Period

Completed authorization forms must be retained for two (2) years after the authorization is terminated or revoked.

Periodic Review

We may periodically request copies of these authorization forms to verify your compliance with NACHA guidelines.

How It Works

Accessing ACH Manager

Follow these steps if you are an authorized user for ACH Manager.

1
Log in to business online or mobile banking¹
2
Select the ‘Payments & Transfers’ tab and then ‘ACH’

ACH File Submission

1
Fill in the required ACH file details
2
Select ‘Complete ACH’
3
Open the DigiPass Application on your mobile device
4
Select ‘Digital Signature’ to scan the Cronto image on your computer with your mobile device
5
On the ACH submission page, enter the digital signature code shown on your mobile device
6
A confirmation message will display, stating the file is pending financial institution review

Dual Control Review

If you are not set up for Dual Control, skip this step.

1
If you are set up for dual control review, the confirmation message will state that the file is pending client and institution review
2
All ACH user(s) will receive an email notification that the ACH is pending review
3
A second user will log in to business online or mobile banking and navigate to the Payment & Transfers section
4

Under Review ACH, select the description link to review the ACH details
5
Select the checkbox next to the ACH transaction to either approve or disapprove, and click the applicable button
6
A confirmation message will display, stating that the ACH transfer has been approved/disapproved

File Verification & Processing

1
Email depositoperations@drake-bank.com approving the ACH file for processing and providing the total dollar amount of the file
2

After processing the file, the Bank will send a confirmation email

Frequently Asked Questions

When should ACH files be submitted by?

Same-Day ACH Files should be submitted by 12:50 PM CST; otherwise, the cut-off time for receiving standard ACH Files is 4:30 PM CST.

If our account is set up for Dual Control, can I approve my own ACH files?

No, the dual control requires a second person to review and approve the ACH File before the Bank processes it.

Additional Resources

¹ Mobile Banking can be used to approve ACH files; other ACH Manager functionality requires Online Banking access through a web browser.