ACH payments to vendors

June 23, 2012 3:45 PM

Hi, My company is trying to find a cheap and reliable way to send ACH payments to our vendors. Does anyone know any good ACH companies or banks that send ACH payments from our bank account to vendors bank accounts? I know Wells Fargo does but they charge 10 per month plus $3 per transaction. I don't mind paying a little more monthly but would like the transaction cost to be less because we pay a lot of vendors weekly. Any help would me much appreciated! :) Thanks!
posted by Monkeyzulu to Work & Money (6 answers total)

Never used it, but Dwolla, maybe?
posted by jsturgill at 4:16 PM on June 23, 2012

Capital Stream?
posted by dbmcd at 6:06 PM on June 23, 2012

Bill.com has higher monthly pricing but only charges $0.49 per item.
posted by Le Ton beau at 7:19 PM on June 23, 2012

Ingdirect.
posted by dawkins_7 at 7:59 AM on June 24, 2012

Ally Bank does this for free through their "Pop Money" service. I don't know if their are limits when you get into business use.
posted by hey you over in the corner at 8:27 AM on June 24, 2012

Response by poster: Great info. Thanks! INGDirect doesn't have business ACH or checking. I love and have ing for personal banking. I will look into Ally Bank, Bill.com and capital stream. Thanks everyone! If anyone has more ideas let me know. Thanks!
posted by Monkeyzulu at 11:19 AM on June 24, 2012