ACH Transfer

GPTKB entity

Statements (33)
Predicate Object
gptkbp:instanceOf Electronic Funds Transfer
gptkbp:alternativeTo Wire Transfer
Paper Check
gptkbp:batchProcessed Yes
gptkbp:canBe gptkb:Debit
Credit
gptkbp:currency gptkb:USD
gptkbp:fareControl Low or No Fee
https://www.w3.org/2000/01/rdf-schema#label ACH Transfer
gptkbp:internationalAvailability No
gptkbp:introducedIn 1970s
gptkbp:launched Originating Depository Financial Institution
gptkbp:operatesIn gptkb:United_States
gptkbp:platform gptkb:Automated_Clearing_House
gptkbp:recipient Receiving Depository Financial Institution
gptkbp:regulates gptkb:Federal_Reserve
gptkb:NACHA
gptkbp:requires gptkb:bank
Account Number
Routing Number
gptkbp:settlementPeriod 1-2 business days
gptkbp:subject gptkb:Regulation_E
Cutoff Times
Fraud Monitoring
Return Codes
gptkbp:supportsSameDay Yes
gptkbp:usedFor gptkb:Direct_Deposit
Payroll
Bill Payment
Person-to-Person Payments
Vendor Payments
gptkbp:bfsParent gptkb:Automated_Payment_System
gptkbp:bfsLayer 6