Remove Electronic Funds Transfer (EFT) Remove Facilitators Remove NOCs
article thumbnail

What Are ACH Prenotes and How Do They Work?

EBizCharge

An ACH prenote is a preliminary transaction verifying and validating bank account information before initiating an electronic fund transfer (EFT). A prenote validates bank information and tests bank detail accuracy, whereas direct deposits transfer money from one bank account to another on a recurring basis.

ACH 52