ACH Credit

An ACH credit occurs when the receiver’s account is credited.

Related Terms

  • Auxiliary On-Us Field

    A field on the magnetic ink character recognition (MICR) line of a check or share draft. This is an optional field that can be found to the...

    Learn More
  • Merchant Account

    An account opened through a payment processor or financial institution that allows payees to accept credit card payments from a payer.

    Learn More