Convert receivables into cash faster.
With Community Connect, you can use ACH Collections to automate your receivables by submitting instructions for CommunityBank of Texas to send transaction requests to your debtor’s bank on the due dates designated by you. The service also offers benefits to your debtors by avoiding the risk of payment default or untimely payment and by eliminating the need for them to initiate payments to you.
You can simplify your day-to-day collections process and receive many benefits such as:
- Timely receipt of payments
- Reliability and certainty
- Next-day statement information through Community Connect
- Low cost of ACH Collections as compared to wire transfer and check processing
- Faster access to funds deposited
- Reduced administrative costs