How to let vendors know how and why to use ACH to pay. This vendor letter provides a great sample covering benefits of ACH and how the process works. It also includes sample set up forms.
Dear Valued Vendor,
ABC Corp. has an ongoing initiative to convert payments made by check to electronic payments via Automated Clearing House (ACH). ABC Corp. is making this payment method change for increased efficiency and cost reduction purposes and to provide the advantages of ACH to our vendors.
An ACH payment is an electronic payment that is credited directly to your bank account on the payment due date. This method is efficient, safe and reliable. ABC Corp. will also provide along with the ACH payment an emailed electronic remittance advice listing the invoice numbers and dollar amounts deposited into your account. We are only able to email the remittance advice to one email address.
To participate in having your payments sent by ACH, please complete the form accompanying this letter. The return instructions for your completed form are provided on the form. Complete the email address section with the email address you would prefer the remittance advice be sent.
