Participant SEC Codes Tax Refunds 
EBizCharge
JULY 16, 2024
Under NACHA’s stewardship, the ACH network processes various payments, including direct payments for payroll, social security benefits, tax refunds, and more. Financial institutions like banks, credit unions, and other network participants must adhere to NACHA guidelines to ensure smooth operations.
Payment Savvy
FEBRUARY 23, 2023
Common ACH direct deposits include payrolls, benefits, tax refunds, or interest payments. 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. How Does an ACH Transaction Work?
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