One of the easiest, most preferred ways to pay your company’s power bill is through Automatic Clearing House (ACH). ACH is an electronic network for business-to-business financial transactions. It lets you determine when to release the electronic payment from your account to us.
ACH payments provide increased cash flow management by minimizing payment posting time. We will continue to read your meter and calculate your bill each month. And you will continue to receive your bill each month as you normally do.
It is used mostly by commercial customers who have the ability to create Corporate Trade Exchange (CTX) or Cash Concentration and Disbursement plus Addendum transactions (CCD+).
Please contact either your financial institution or the National Automated Clearing House (NACHA) if you have any questions on how to create a CTX or CCD+ transaction. Your company's technology system will determine what ACH payment option is available to you. Your company's IT department can help determine your capabilities. Please be advised we do not accept email or fax remittance.
The transaction sent to the bank must include the payment coupon or remittance advice (10-digit Alabama Power account number) in order to qualify for ACH payments.