Enhanced payments by SinglePoint adds a bundle of three payment options to your existing online banking dashboard: ACH, wire transfers and real-time payments. It offers businesses capabilities such as international and batch payments with lower transaction pricing on services available within online banking.
Enjoy the benefits of enhanced payments by SinglePoint.
Level up your payment capabilities.
Optimize how you send money with enhanced payments by SinglePoint. The added payment capabilities are a great option for businesses that need:
- Higher limits and lower transaction fees than online banking
- Access to batch and international payments
- Instant payment power through real-time payments
- Option to schedule payments for a future date
Still deciding if enhanced payments by SinglePoint is right for you?
Talk to a specialist at 866-872-6558 or take a look at the Business Pricing Information Brochure for a comprehensive list of account pricing, terms and policies.
If your business sends multiple digital payments, like ACH and wires, in a month and enjoys the simplicity of U.S. Bank's online banking platform, you may benefit from signing up for enhanced payments by SinglePoint. Eligible businesses can be set up with the subscription in 1 to 5 business days. The subscription offers access to international, batch and same-day payment options with higher payment limits than the standard money movement options offered in online banking.
ACH is an electronic network for financial transactions in the United States. It processes large volumes of credit and debit transactions in batches, including direct deposit, payroll and vendor payments.
A wire transfer is a method of transmitting funds electronically from one financial institution to another. In most cases, the funds are received the same day they are sent. Once a wire transfer is sent, the funds leave the bank immediately and cannot be returned.
Real-time payments through the RTP network provide access to immediate funds, automated processing and rich payment and remittance data 24 hours a day – with fees that are much lower than wires.
You pay a flat monthly fee of $25 and any additional transaction fees offered by enhanced payments by SinglePoint.
Your business needs the following to enroll:
- U.S. Bank business checking account
- U.S. Bank online banking access using business credentials
- Primary business email address
- Primary mobile phone number
- U.S. Bank mobile app with FaceID or fingerprint identification set up for authentication and authorization of money movement
Once we’ve confirmed your eligibility, you’ll be invited to enroll. We’re usually able to review your enrollment details within 5 business days. If you’re enrolled, we’ll send you a welcome email with all the information you need to get started.
Yes! For more info or help, call 866-872-6558 Monday through Friday, from 8 a.m. to 6 p.m. CT. We accept relay calls.
No, enhanced payments by SinglePoint provides access to a cost-effective solution for ACH, wire transfers and real-time payments from your existing online banking dashboard. You’ll continue to use regular online banking to enjoy the features and services you currently use to support your business.
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