Automated Clearing House (ACH) - Preferred

The university’ preferred method for paying commercial, domestic suppliers, and for issuing personal and travel reimbursements to employees is via electronic payment (ACH). ACH is efficient and cost effective.

• Accounts Payable initiates ACH payments on a daily basis.
• ACH payments disbursed to the suppliers are made to the account and financial institution designated by the supplier according to the agreed upon payment terms with the supplier.
• Payment is delivered to the supplier's bank account, typically 1-2 business days after Accounts payable initiates the payment.
• Remittance information is provided to the email address that is set up during the vendor onboarding process.
• Personal and travel reimbursements to Emory employees whose payroll method is direct deposit will have all reimbursement paid via ACH to that same bank account.
• For a supplier to receive payment via direct deposit, the Supplier Individual Information Form (SIF) - Section – ACH Payment Authorization must be completed and submitted to Accounts Payable. The SIF can be attached to the payment request and submitted through Compass, or it can be sent to emory.fsc@emory.edu.
• ACH payments are only available in US-based accounts.