ACH Debit

GPTKB entity

Statements (26)
Predicate Object
gptkbp:instanceOf Electronic Funds Transfer
gptkbp:canBeReturned yes
gptkbp:contrastsWith gptkb:ACH_Credit
gptkbp:currency gptkb:USD
gptkbp:distinctFrom ACH Credit is initiated by payer
gptkbp:fareControl may incur fees
gptkbp:features subject to fraud controls
https://www.w3.org/2000/01/rdf-schema#label ACH Debit
gptkbp:launched payee
gptkbp:processor gptkb:Automated_Clearing_House
gptkbp:regulates gptkb:NACHA
gptkbp:requires bank account number
routing number
gptkbp:returnReason insufficient funds
account closed
authorization revoked
gptkbp:settlementPeriod 1-2 business days
gptkbp:usedBy gptkb:government_agency
individuals
businesses
gptkbp:usedFor direct payments
bill payments
recurring payments
gptkbp:usedIn banking
gptkbp:bfsParent gptkb:GoCardless
gptkbp:bfsLayer 6