What is ACH Credit and ACH Debit and How Do They Work?
Stax
NOVEMBER 13, 2024
It’s like a direct deposit from one account to another, but unlike wire transfers, they are not subject to a fee by the processing banks. With ACH debit, banks and lenders can automatically withdraw payments on the agreed-upon due date, ensuring timely repayment and a predictable payment stream. Health insurance and premiums.
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