article thumbnail

What is an ACH Deposit and How Does It Work?

Stax

Many small businesses choose ACH operators because they are more convenient than most direct deposits. ACH transfers don’t come with high fees and transactions and they’re easily edited if an employer wants to adjust payroll, extend bonuses, or reimburse an employee.

ACH 88
article thumbnail

ACH Deposit Meaning and Benefits: Complete Guide

Payment Savvy

So, what is an ACH deposit? ACH direct deposits are common. Your paycheck, tax refund, or even a government benefit could be sent to you this way. Understanding the ACH deposit meaning is important because it’s a fast, secure, and cost-effective way to transfer money. But, why does this matter?

ACH 52
article thumbnail

What Does Return Mobile ACH Payment Mean?

Payment Savvy

There are two main ACH payment methods: direct deposits and direct payments: ACH direct deposits : Whenever you need to deposit your money to someone’s account, you can do it through ACH direct deposits. Common ACH direct deposits include payrolls, benefits, tax refunds, or interest payments.

ACH 52
article thumbnail

Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. That all of this might stem from the hidden agenda of making it free – or as close to free as possible – to move money. A Couple of Important Dots.