Automated Clearing House (ACH)
or Electronic Funds Transfer (EFT) Manager
The ACH/EFT Manager provides Automated Clearing House (ACH) or Electronic Funds Transfer functionality so organizations have the ability to upload their loan transactions directly to their financial institution, be it a bank or credit union. Organizations no longer require proprietary software from their banker to post their automatic bank deposits as TEA provides an ACH batch manager to facilitate the process.