November 22, 2019

Get Your Money — Fast

Instead of waiting for your check from MaxYield Cooperative to arrive by mail, did you know your money can be directly deposited into your checking account?

You can get your payment quickly when you use our automated clearing house (ACH) checking service. An ACH payment will be deposited in your bank account within 48 hours of a grain settlement.

“We’re looking for ways to get money to you faster,” said Bob Burkhardt, MaxYield’s chief financial officer, who noted that MaxYield has been offering the ACH service for more than a year.

You’re probably familiar with ACH already, since Farm Service Agency payments come by ACH. To sign up for MaxYield’s ACH service, simply fill out a form from MaxYield and enclose a voided check with your bank routing information.

Here are a few more details:

• ACH can only apply to one checking account.

• If there’s a lienholder against the account, you won’t be allowed to receive an ACH payment.

• ACH is available for commercial accounts.

• If you use the ACH service but want a paper check at some point, simply inform the MaxYield location that’s handling your transaction so they can help you out.

• With your approval, ACH can be used for bill paying. “This is a good option for even-pay accounts through our energy business,” noted Cory Thilges, MaxYield’s assistant controller.

For more details on MaxYield’s convenient ACH service, call Bob Burkhardt or Cory Thilges at 800-383-0003, or contact your nearest MaxYield location.

 

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