Pay employees, vendors, and contractors — on time, every time.
From weekly payroll to one-time vendor payments, Equity Bank gives your business the tools to move money quickly, accurately, and with full visibility.
ACH Payments
Create a payment template or upload a file to pay employees and vendors. No checks, no manual entries.
Schedule payments in advance so funds arrive exactly when they’re supposed to.
Review your full transaction history anytime, giving you a clear picture of where your money went and when.
Wire Transfers
Send funds domestically with same-day processing, or reach international accounts typically within 1–3 business days.
Ideal for large, time-sensitive payments where speed and certainty matter.
A dedicated Equity team is ready to support every transfer you make.
Direct Deposit
Pay employees automatically on your schedule. No delays, no surprises.
Boost employee satisfaction and retention with reliable, on-time paydays.
Set up salary and hourly templates in advance, so every pay period is just a quick update and a single submission.
Corporate Cards
Pay vendors and manage employee expenses without the reimbursement headache.
Control spending limits by card, by employee, or by department. Keep cash in your account longer.
Earn rewards points on every purchase, turning everyday business spending into dollars back for your business.
Frequently Asked Questions
ACH payments and wire transfers both move money electronically, but they work differently. ACH payments are processed in batches, typically settle within 1–2 business days, and are ideal for recurring payments like payroll or vendor invoices. Domestic wire transfers are processed individually, with same day settlement, and are better suited for large, time-sensitive payments, like a real estate closing or an international supplier payment. International wire transfers may take an additional 1-2 business days to post. Equity Bank supports both, so your business can use the right tool for every situation.
Most ACH payments settle within 1–2 business days, though same-day ACH is available for transactions that need to move faster. For recurring payroll runs, we recommend initiating ACH at least two business days before the intended pay date to ensure your employees are paid on time. Equity Bank’s business banking team can help you build a payment schedule that works for your payroll cycle.
Yes. Equity Bank supports both domestic and international wire transfers. Whether you’re paying an overseas supplier, sending funds to a foreign subsidiary, or settling a cross-border contract, our team can walk you through the process and ensure your transfer is handled securely and accurately. Contact us to get started with international wires.
Setting up direct deposit through Equity Bank is straightforward. Once your business account is active, employees provide their bank account and routing numbers, and you add them to an online template or NACHA file. From there, simply update and submit your file each pay period. Funds are deposited automatically on your designated pay date.
Both ACH payments and direct deposit use the ACH network, but serve different purposes. Direct deposit specifically refers to paying your employees, it deposits their paycheck directly into their bank account. ACH payments are broader and can be used to pay vendors, contractors, or service providers as well. For most small businesses, Equity Bank recommends using both: direct deposit for your team, and ACH payments for recurring vendor or supplier payments.
Equity Bank uses bank-grade encryption and multi-layer fraud monitoring across all business payment transactions. Our treasury management tools give you and your authorized team members full transaction visibility, so you can review payment records anytime and catch anything unusual early. If something doesn’t look right, our team is available to investigate quickly. Ask us about our fraud protection services, including Positive Pay, to add an extra layer of security to your accounts.