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What is the benefit of using an unbalanced ACH file?

Updated: 9/20/2023

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How do ACH transfer payments work?

ACH stands for Automated Clearing House, It is a network of computers linked between banks and financial institutions,. An ACH payment transpires when one entity such as a retailer, known as the "originator" makes an electronic request to a financial institution (the "receiver") for a transfer of funds. The availability of funds is first confirmed before the transfer takes place.

Related questions

What are the benefits to using ach software in business?

You can read about the benefits to using ach software in business at www.ach-payments.com. Another good site is www.tamingthebeast.net/articles5/open-source-software.htm

What is ACH Debit?

ACH debit is a type of payment that allows companies to electronically withdraw funds from your bank account, using your bank routing number and your account number.

What are the advantages of banks using ACH payments?

Some of the advantages of banks using ACH would be that it is automatic and electronically handled. It makes your life easier. You will never have to worry about late payments and easy to keep track of the payments also.

What has the author Friedrich Ach written?

Friedrich Ach has written: 'Hoch ach tungsvoll'

What change does ACh cause in an ACh receptor?

ACh binds to each ACH receptor which causes opening of ligand-regulated ion gate and the creation of end-plate potential.

What is the population of El Ach?

The population of El Ach is 16,108.

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