ACH Explained: The Four Types of ACH Payments

[@APNow]

Interested in learning about real time payments? Watch kzbin.info/www/bejne/oHzKnqhjm96Ylac

[@LuckyNanwani]

Great job explaining!

[@APNow]

Thank you!!!!

[@karthikvadlamudi3864]

Well explained, yours efforts are appreciative 🙂👏,

[@APNow]

thank you for saying that, your kind words are appreciated

[@prateikbachchan3607]

Such an Informative video. Thanks

[@APNow]

Glad you liked it. Thanks for your kind words.

[@rodrigorca9575]

Hello, congratulations on your channel. You know that with the Stripe platform you can generate an ACH payment link. I'm wondering if there are other platforms with which you can do the same. Thank you very much.

[@APNow]

@@rodrigorca9575 first - thanks for your kind words. They are appreciated. I would check with your financial institution about where and how you can make an ACH payment. Even if they don’t give you the answer you want today , ask again in 6 months. The payment world is changing!

[@sudhabachina268]

Excellent

[@APNow]

Thank you for your kind words

[@manw3bttcks]

What I'd like to know is why general ACH transfers to online banks still take 3 or 4 days but NACHA says it has "same day ACH". So why aren't online banks doing ACH transfers same day?

[@APNow]

Nacha has two products: traditional ACH and Same Day ACH. Same Day ACH costs a little extra.

[@yamiletdavila6691]

Can ACH Department help me if a direct deposit has gone to a wrong account?

[@APNow]

As soon as you realize this, notify the bank . Do NOT wait. The sooner you alert them, the better your chances of getting the money back.

[@thomasdriskill5254]

💯

[@gracegeng2256]

I've been paying my monthly HOA dues through the HOA management company's online automatic payment (ACH debit). Recently they took money out of my bank account for a special assessment fee I did not agree upon. When I asked the HOA management company to refund me this special assessment fee, they refused. Can they do that?

[@APNow]

it depends on what agreement you signed with them originally. My "guess" is that in the mountain of paperwork you signed when you purchased the home, you agreed to this. If not, it was an unauthorized deduction, and you'd have recourse to get the funds back. Look at your original paperwork. I am somewhat surprised they didn't notify you before they did this. Most HOAs will give the homeowners notification to ensure funds are in the account.

[@gracegeng2256]

@@APNow No, I did not agree to this ( I looked at my original paperwork). It was an unauthorised deduction. How do I get the funds back? Thanks.

[@ruthdehart6811]

Great explanation!

[@APNow]

Thank you 😁😁😁