ACH (automated clearinghouse) debits

 

 

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ACH (automated clearinghouse) debits

 

Finance dictionary of financial terms

 

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Economics and finance

 

Definition of ach (automated clearinghouse) debits

 

ACH (automated clearinghouse) debits: Preauthorized electronic withdrawal from the payer’s account and deposit into the payee’s account via a settlement among banks by the automated clearinghouse.

 

Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc

link: http://foba.lakeheadu.ca/

Author : not indicated on the source document of the above text

 

Finance dictionary of financial terms

 

Finance dictionary of financial terms index

 

 

Definition and meaning of ach (automated clearinghouse) debits

 

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