ZHI is proud to offer a direct deposit payment option to its hay growers via ACH (Automatic Clearing House) transfer. ZHI processes direct deposit ACH payments within two business days after hay delivery. This is an excellent option for progressive growers wishing to do more business electronically. This option eliminates lost and stolen checks, eliminates check fraud, improves grower cash flow, eliminates driving to the bank to deposit checks, and provides faster settlement information.
Growers electing to receive payment via direct deposit must complete, sign, and return to ZHI the attached Automated Disbursement Deposit Authorization form. This payment option includes email delivery of daily hay receipts, contract settlement information, and payment notification.
The usual settlement process works as follows:
The day after hay is received, a settlement is prepared, and payment details are double checked for accuracy. Verification is made to assure a signed contract and chemical use form are on file and an ACH payment order is sent to ZHI’s bank for processing. A customer settlement notification including the payment details and effective payment date is sent to you via email. The next day, ZHI’s bank transfers the funds to your account.