What Happens When You ACH a Dead Person?

#1

Post by saarons » Wed, Aug 28, 2019, 5:49 PM UTC

What Happens When You ACH a Dead Person?
moderntreasury.com

Re: What Happens When You ACH a Dead Person?

#2

Post by s9w » Wed, Aug 28, 2019, 5:57 PM UTC

Neither the title of this post nor the article explains what ACH is. And it somehow got 15 points in 6 minutes or so. Am I missing something?

edit: yes, downvote me to -3. I love you all

Re: What Happens When You ACH a Dead Person?

#3

Post by mpoteat » Wed, Aug 28, 2019, 5:59 PM UTC

s9w wrote: post #2

Neither the title of this post nor the article explains what ACH is. And it somehow got 15 points in 6 minutes or so. Am I missing something? edit: yes, downvote me to -3. I love you all

ACH is a bank to bank transfer.

Re: What Happens When You ACH a Dead Person?

#4

Post by bonyt » Wed, Aug 28, 2019, 5:59 PM UTC

s9w wrote: post #2

Neither the title of this post nor the article explains what ACH is. And it somehow got 15 points in 6 minutes or so. Am I missing something? edit: yes, downvote me to -3. I love you all

ACH is Automated Clearing House - a US Bank Transfer / Direct Deposit.

https://en.wikipedia.org/wiki/ACH_Network

Re: What Happens When You ACH a Dead Person?

#5

Post by [deleted] » Wed, Aug 28, 2019, 6:04 PM UTC

s9w wrote: post #2

Neither the title of this post nor the article explains what ACH is. And it somehow got 15 points in 6 minutes or so. Am I missing something? edit: yes, downvote me to -3. I love you all

[deleted]

Re: What Happens When You ACH a Dead Person?

#6

Post by paulddraper » Wed, Aug 28, 2019, 6:05 PM UTC

s9w wrote: post #2

Neither the title of this post nor the article explains what ACH is. And it somehow got 15 points in 6 minutes or so. Am I missing something? edit: yes, downvote me to -3. I love you all

https://lmgtfy.com/?q=ACH

Automated Clearinghouse

Chances are that's how your employer is paying you.

Re: What Happens When You ACH a Dead Person?

#7

Post by tjpaudio » Wed, Aug 28, 2019, 6:07 PM UTC

s9w wrote: post #2

Neither the title of this post nor the article explains what ACH is. And it somehow got 15 points in 6 minutes or so. Am I missing something? edit: yes, downvote me to -3. I love you all

The article is written for people interested in the very specific topic of the technical workings ACH transfers. It seems absurd to me that you would try to write this article to an audience that hasn't even heard of ACH. I think the only thing you are missing is that you are not the target reader.

Re: What Happens When You ACH a Dead Person?

#8

Post by refurb » Wed, Aug 28, 2019, 6:10 PM UTC

mpoteat wrote: post #3

s9w wrote: post #2

Neither the title of this post nor the article explains what ACH is. And it somehow got 15 points in 6 minutes or so. Am I missing something? edit: yes, downvote me to -3. I love you all

ACH is a bank to bank transfer.

Or bank to customer, thus potentially customer to customer.

Re: What Happens When You ACH a Dead Person?

#9

Post by [deleted] » Wed, Aug 28, 2019, 6:10 PM UTC

mpoteat wrote: post #3

s9w wrote: post #2

Neither the title of this post nor the article explains what ACH is. And it somehow got 15 points in 6 minutes or so. Am I missing something? edit: yes, downvote me to -3. I love you all

ACH is a bank to bank transfer.

[deleted]

Re: What Happens When You ACH a Dead Person?

#10

Post by one2zero » Wed, Aug 28, 2019, 6:11 PM UTC

mpoteat wrote: post #3

s9w wrote: post #2

Neither the title of this post nor the article explains what ACH is. And it somehow got 15 points in 6 minutes or so. Am I missing something? edit: yes, downvote me to -3. I love you all

ACH is a bank to bank transfer.

I don't believe that its technically a bank to bank transfer because the ACH is involved. With wire transfers you're communicating directly with the bank via SWIFT or Fedwire.