Electronic Transactions
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Automate Disbursements and Collections

Enhance your cash flow by using electronic transaction services to move funds in and out of your Working Capital Management Account® (WCMA® account). Process these transactions through a single electronic portal that lets you initiate wire transfers, ACH transactions and automatic bill payment.

  • Improve your cash flow by accelerating receivables and timing disbursements electronically
  • Save time and effort by automating routine transactions
  • Simplify transactions through a single electronic portal for all electronic transactions

Electronic Transactions Features

Automated Clearing House (ACH) Transactions

Gain greater control of your disbursements by using ACH to make recurring payments such as payroll, expense reimbursement and taxes. Use ACH collections for immediate access to receivables through electronic collection of recurring payments.

Wire Transfers

Transfer funds with same-day settlement using Wire Transfer disbursements through the Merrill Lynch secure online environment. This capability eliminates the need to contact a branch office and submit a Letter of Authorization.

Automatic Bill Payment

Organize your payments for optimal cash flow by paying bills through the Merrill Lynch ACH settlement network. Initiate a variety of disbursement transactions, including one-time, recurring and future payments.

Frequently Asked Questions About Electronic Transactions

What is the difference between a wire transfer disbursement and an Automated Clearing House (ACH) disbursement?

Wire transfer disbursements allow same-day settlement of funds and finality of payment, whereas an ACH disbursement does not. ACH disbursements allow next-day or two-day settlement of funds and can be returned in a manner similar to check processing.

Is there a limit to the number of accounts I can set up for ACH transaction processing?

No. There is no limit to the number of accounts you can set up for ACH transaction processing.

Can I create an ACH transaction for a one-time debit or credit?

Yes. The instruction for that particular debit or credit transaction will be saved on the system, but can be deleted after the effective date.

How often can I send an online wire transfer disbursement?

Merrill Lynch does not place a limit on the volume of wire transfer disbursements through Merrill Lynch Business Center.

Related Products & Services

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For more information call at 1.866.4ML-BUSINESS (465-2874) or e-mail us at AskMLBiz@ml.com.

Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer, not a bank, and the WCMA account is not a bank account. Banking services are provided by licensed banks or by third parties through arrangements with licensed banks. Unless otherwise indicated, investment products are not FDIC-insured, not guaranteed by a bank and may lose value. 

Lockbox Solutions are offered through PNC bank, an independent provider not affiliated with Merrill Lynch.  Merrill Lynch refers lockbox inquiries to PNC Bank and may receive a fee for such a referral. 

The Merrill Lynch Private Sales Referral Network is a service through which Merrill Lynch clients are referred to independent third party investment banking firms.

Working Capital Management Account  and WCMA are registered service marks of Merrill Lynch & Co., Inc.

The WCMA® account is a product of Merrill Lynch, Pierce, Fenner & Smith Incorporated.