Zaybra for ACH Direct Debit
ACH Direct Debit is a type of electronic payment system in the United States that allows businesses and individuals to withdraw funds directly from a bank account. ACH stands for Automated Clearing House, which is a network used by financial institutions to transfer funds electronically between bank accounts.
ACH Direct Debit is commonly used for recurring payments, such as monthly bills for utilities or mortgage payments.
With ACH Direct Debit, the person or business that is authorized to withdraw funds (known as the "originator") sends a request to the recipient's bank through the ACH network to initiate a transfer of funds from the recipient's bank account to the originator's account. The recipient must provide their bank account information to the originator to set up the direct debit.