Costs of payment by check range from $1.25 to $2 per check. ACH payments have a unit price dependent on volume, along with a file-processing charge. The more payments that are contained in a given file, the lower the cost per payment. When considering a fully burdened cost (internal labor & overhead) the cost of ACH ranges in the area of $0.40 to $0.80 per payment transaction. This cost range is also dependent on the organization and how efficient its disbursement processing systems are in transmitting and compiling electronic data. You will want to contact your bank for specific ACH fees. Given these figures, the savings to move from processing paper checks to making ACH payments might range from a low of $0.45 per payment (1.25 - 0.80 = 0.45) to perhaps as high as $1.60 (assuming your check process is on the less efficient side, $2, and you have sufficient volume to achieve the lowest ACH cost of .40).
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