ACH Debit

An ACH debit occurs when the receiver’s account is debited.

Related Terms

  • ACK (ACH Payment Acknowledgement)

    An ACK entry is an acknowledgement by the receiving depository financial institution (RDFI) confirming the receipt of a corporate credit or debit (CCD) credit entry.

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  • Business Day

    Refers to any weekday with the exception of federal holidays.

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