Overview of ACH Direct Deposits
Edlio Payments (OSP) disburses credit card and electronic check collections directly into your designated school or district depository bank accounts via Automated Clearing House (ACH) transfers. Maintaining accurate banking credentials ensures uninterrupted weekly settlement deposits.
đĄ Best-Practice Adoption Tip: For security and fraud prevention, banking account changes cannot be completed over chat or informal phone calls. Authorized school finance officers must complete and sign the formal ACH Direct Deposit Authorization Form accompanied by a voided check or official bank verification letter on financial institution letterhead.
Submitting Bank Account Updates
To establish a new bank account or update an existing depository routing number:
Download the official Edlio ACH Direct Deposit Authorization Form from the Forms repository.
Complete all required fields:
School District Legal Name & Tax ID (EIN)
Depository Bank Name & Branch City/State
Bank Routing Number (9 digits)
Account Number & Account Type (Checking or Savings)
Attach a copy of a Voided Check or an Official Bank Letter verifying account ownership.
Have the form signed by an authorized district financial officer (e.g., Chief Financial Officer, Treasurer, or District Bookkeeper).
Submit the completed package securely to the Edlio Client Success and Finance team via
clientsuccess@edlio.com.
Settlement Schedules and Verification
Once bank verification is complete (typically 2â3 business days):
ACH deposits follow your district's configured settlement schedule (weekly or semi-monthly).
Each ACH credit corresponds directly to a published statement visible in the Statements module.
Deposits appear on your bank statement with the description matching your Edlio merchant descriptor.
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