Drawdown & Direct Wire Services

Drawdown & Direct Wire Services

Services

ACH Direct Deposit Payroll Processing

In an environment of increased exposure, risk management has become an important part of doing business. Cachet Financial Services offers wire services to reduce your exposure from high-risk payroll transactions.

We offer two wire options for your convenience:

The term Drawdown Fedwire® is also known as Automated Reverse Wire. Fedwire is a registered trademark of the Federal Reserve Bank (FRB).

For drawdown services, its a simple one time process of setting up authorization with your bank.  On our end, we simply need to ensure that the authorization is set up correctly before Cachet can send a wire request.

Cachet wire services advantages:

  • Reduce risk with guaranteed funds
  • Submit a standard ACH file
  • No additional paperwork required
  • Funds are not released until they have been confirmed

Contact us to learn more about our Fedwire and direct wire services

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