AUTOMATIC CLEARING HOUSE (ACH)
Horizon Management Company has a more efficient method for you to pay your monthly homeowners assessment. This method is called "Automatic Clearing House" (ACH) electronic transactions.
You are probably aware of this form of payment, as many service industries and utilities utilize ACH. ACH processing will allow your Homeowners Association to automatically debit your checking account for pre-authorized assessment amounts. As always, Horizon Management Company, in conjuction with your Association, is looking for ways to better serve your needs. Accordingly, we believe this payment method will benefit you in many ways, such as:
Eliminates the need to write a check every month
Eliminates the postage cost of mailing your payment
Eliminiates late charges for delinquent payments
Eliminates stop payment fees for checks lost through the mail
Eliminates risk of stolen checks and use of account number for fraudulent purposes
Ensures your payment is made enven when you're on vacation
Ensures your payment is accurately posted to your account
The payment is documented on your bank statement
You will receive notice of any change in the amount debited to your account with your annual budget or special notice from the HOA prior to such charge occurring
The ACH payment will pay your monthly assessment, special assessments and any miscellaneous charges (i.e. keys, work order charges etc.). If there is any month that you do not want any miscellaneous charges taken out with your ACH payment, you will need to contact Horizon by the 4th of each month. Horizon will process the monthly ACH payments on the 5th of each month. If the 5th falls on a weekend or holiday, it will be processed the following business day.
If you are interested in having your monthly assessment payment automatically paid directly by your bank, please click on this link for our Portal: Accounting Portal.
Please Note: If you choose to utilize this service, you will continue to receive a monthly statement from us. Please be aware that you should not submit another payment after you have received the confirmation letter with the month's starting date.
If you have any questions regarding the ACH service, please do not hesitate to contact our office at (310) 543-1995 or email us at firstname.lastname@example.org.