Automated Clearing House (ACH) settles out of a member's DID account. It's convenient for:
- Payroll, vendor, utility, and rent payments
- Funding FHLB Chicago accounts such as monthly remittance, custodial mortgage accounts, and MPF accounts.
ACH transmissions are secure, encrypted, and are compliant with Federal Reserve Bank (FRB) and National Automated Clearing House Association (NACHA) requirements. There are no forms required to use this service, which makes ACH transactions even more convenient.
||$ 0.40 per transaction|
|Monthly Service Fee
||$ 5.00 per monthly for any account settling ACH transactions|