Getting Started: Transaction Type Overview
Business Internet Banking Transaction Types
Upload a NACHA-formatted file.
Send a payment to one recipient.
Send a payment to several recipients.
Send a wire to a recipient within the US.
Send a wire to a recipient in a different
Send payroll to several recipients. If a
recipient has more than one account, you
can split that payment into several accounts.
Send federal payments.
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.
Transaction Type Overview