With this article, you will understand how to make an outgoing ACH payment and create a new ACH payee.
You can transfer funds from Relay to your external account by making an ACH payment.
Sections in this article:
Navigating to ACH payment:
- Select the Payments tab once signed in.
- On the upper right corner, click New Payment.
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A drop-down menu will appear. Select ACH.
Creating an ACH payment:
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Select the payee you wish to make an ACH payment to.
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If you haven’t yet created the payee, select + New Payee or you can follow the brief steps in this article: Adding and deleting a payee.
- A payee can be any other stakeholder to whom you are trying to send an ACH. For example: a vendor, a contractor, or a personal account of yours to which you wish to send funds.
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Enter your payment details
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Choose the amount of funds you want to transfer to your payee.
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Type your reason for payment (This is important for understanding your payment history);
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And select the account you wish to withdraw the funds from.
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- Once finished, click Next.
- Review the payment information, and click Done when you are ready to initiate the payment.
FAQs
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How long will it take for the funds to arrive in the payee's account? ACH payments can take up to 1-2 business days to process and have no transaction fee.
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How much does it cost to send an ACH transfer? ACH payments are completely free.
Things to Know
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Please note: banks can have multiple routing numbers specifically for ACH payments and others for Wire transfers. Ensure you are using the routing number for ACH payment.
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ACH payment is a great way to send funds to your external bank account.
Questions? Get in touch with our Support Team at support@relayfi.com or 1 (888) 205-9304.