![]() Here are the steps you need to take to successfully complete an ACH transfer. Now that you have this background knowledge under your belt, it’s time to look at actually making digital payments. This type of digital payment entails a greater risk than ACH credit.īoth types of e-payments provide the same level of convenience and cost-effectiveness. In this situation, you submit your payment details (including account and routing numbers) to the payee. With ACH debit, you establish the transaction with the payee.Your bank account details remain with your financial institution and are not sent to the payee. With this transaction, you give authorization to your financial institution to send a payment to a payee, such as a utility company or car loan servicer. ![]()
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