Credit Transaction Direct Deposit Tax Refunds 
Stax
SEPTEMBER 17, 2024
ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions).
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. Many businesses prefer ACH credit payments for paying suppliers or vendors, especially when the amounts vary or when the payments are made irregularly.
Nanonets
APRIL 8, 2024
Examples include direct ACH payments for utility bills, to a friend as an alternative to wire transfers, and to your credit card company to pay your monthly statement. ACH credit transactions can include your payroll, government benefit payments, tax refunds, or invoiced payments for contractors.
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