Payable Services

Electronic payments and collections via the Automated Clearing House (ACH) are the best way to streamline payables and receivables and reduce your costs of collecting and receiving payments. Our ACH service offers a host of cash flow benefits, including reduced payment costs, better control of payment timing, greater payment reliability and more accurate cash forecasting. The most common ACH applications include:

• Payroll direct deposit 
• Pre-authorized debits and credits
• Vendor payments
• Cash concentration and disbursement
• State and federal electronic tax payments

SmartPay is an employer-sponsored service allowing employees to receive their payroll deposit via direct deposit to a Paducah Bank SmartCard. Using this service with your traditional direct deposit allows you to eliminate manual payroll checks altogether. 

This account management service lets you establish a master operating account with one or more sub accounts for specific purposes. Create a ZBA for both payables and receivables to make your reconcilement process more efficient and segregate certain types of transactions. Some common uses for ZBAs are payroll, credit card, T&E (Taxes & Escrow), wire accounting and many others.

Wire transfers are the most immediate, reliable and secure means of transferring funds available. They are usually most appropriate for high-dollar, time-sensitive transactions. Paducah Bank can help you with your domestic and international wire transfers in various currencies.