Electronic Funds Transfer

Our electronic funds transfer program is a customer-authorized payment system that enables invoices to be paid electronically with the guarantee that they will be paid on time. It saves you on bank processing charges, accounting costs, allows for two extra days of float, and assures you that you have the balance of your credit limit to work with.

 

Keeping track of your records is also easier. For each payment, you will receive an invoice to inform you that your bank has been drafted. In addition, a pre-draft notification will be sent 3 to 5 days prior to the actual draft showing invoice numbers and the amount.

 

This program can be used with your current checking account. It is intended to be used with only one bank and one account.

 

There is no cost to you for using this program. It is a service from Fauser Energy Resources. While most banks do not charge additional transaction fees, you should check with your financial institution for further details.

 

To get started in this program, please contact us at resources@fauserenergy.com for our Electronic Funds Transfer starter kit, or visit our Forms page to download the Electronic Funds Transfer form.