ACH debit meaningĪCH debits are electronic payments made through the ACH network or Automated Clearing House network. This article will walk through the various types of ACH debits, the most common related terms, and the benefits of using both ACH debits and ACH credits for your business. That is, an ACH debit is initiated by the payee-the party that will receive the funding. In other words, it's initiated by the party making the payment.Īn ACH debit transaction, on the other hand, is "pulled" from the bank account that's being paid. An ACH credit is "pushed" from one account to another. Sedo Sanchez, President, Chango, Inc.Automated clearing house (ACH) payments can be either ACH debits or ACH credits–– but you won't see those terms used very often. Hyperion Bank has great services and a 1-to-1 personal touch that people feel good about. This service requires you to send an electronic file of checks issued to the bank. Suitable for businesses of all sizes and provides fraud detection for checks presented matching payee, check number, issue date and amount. Simply review images of all checks that are presented to your account the previous banking day online and return any payments that appear fraudulent. Receive an alert to notify daily if checks are being presented. Typically well-suited for small business customers who issue fewer checks, or large business who may want to use it for a less active account without the ability to submit check issue files to the bank. The difference between Reverse Positive Pay & Standard Positive Pay
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