 Backup Bank/ACH (by James [GA]) Dec 14, 2017 4:50 AM
 Backup Bank/ACH (by myob [GA]) Dec 14, 2017 6:14 AM
Backup Bank/ACH (by #22 [MO]) Dec 14, 2017 7:31 AM
Backup Bank/ACH (by razorback_tim [AR]) Dec 14, 2017 7:47 AM
Backup Bank/ACH (by myob [GA]) Dec 14, 2017 8:42 AM
Backup Bank/ACH (by Kyle [IN]) Dec 14, 2017 8:48 AM
Backup Bank/ACH (by NC INVESTOR [NC]) Dec 14, 2017 10:19 AM
Backup Bank/ACH (by James [GA]) Posted on: Dec 14, 2017 4:50 AM
Message:
For those of you collecting via ACH, who has a backup vendor/bank?
If so, do you split volume/transactions or just let one sit idle mostly? --185.46.xxx.x |
Backup Bank/ACH (by myob [GA]) Posted on: Dec 14, 2017 6:14 AM
Message:
we keep collections in a different bank. No other accounts except collections. --99.103.xxx.xxx |
Backup Bank/ACH (by #22 [MO]) Posted on: Dec 14, 2017 7:31 AM
Message:
I use the same bank to pull AChs as where I bank at. Adding second bank would only add more work in my opinion..
--173.25.xx.xx |
Backup Bank/ACH (by razorback_tim [AR]) Posted on: Dec 14, 2017 7:47 AM
Message:
If you are initiating ACH transactions directly through your bank I don’t see a reason to have a backup. If you are using a 3rd party, then I could understand the reasoning. I initiate through my local bank so I don’t worry about it. --70.182.xx.xx |
Backup Bank/ACH (by myob [GA]) Posted on: Dec 14, 2017 8:42 AM
Message:
we have multiple banks. Maybe 6.
We do not allow any one bank to handle all of our business with this thought in mind-- if for some reason bank #1 freezes your funds and everything is in that bank-- your toast.
Collections one bank, payroll different bank, personal accounts one credit union etc.. --99.103.xxx.xxx |
Backup Bank/ACH (by Kyle [IN]) Posted on: Dec 14, 2017 8:48 AM
Message:
I only use 1 ACH vendor, but I do have multiple accounts and multiple banks. I am set up with PayPal, so if my ACH vendor was suddenly not an option, PayPal could be my backup. --73.102.xxx.xx |
Backup Bank/ACH (by NC INVESTOR [NC]) Posted on: Dec 14, 2017 10:19 AM
Message:
We do ACH with one bank. We do use two accounts. One is business checking for rent the other is for SD. The vendor we use is an intermediary for the ACH in that the invoices created in QBO are synced with and sent by the intermediary but all payments go directly to my bank. --71.75.xx.xx |
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