ACH debit (US)

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf electronic funds transfer method
gptkbp:canBeReturnedWithin 60 days (for unauthorized transactions)
gptkbp:currency gptkb:USD
gptkbp:fareControl low cost
https://www.w3.org/2000/01/rdf-schema#label ACH debit (US)
gptkbp:launched payee
gptkbp:operatedBy gptkb:NACHA
gptkbp:regulates gptkb:Federal_Reserve
gptkb:Office_of_the_Comptroller_of_the_Currency
gptkbp:relatedTo ACH credit (US)
gptkbp:requires authorization from payer
gptkbp:roadType batch processing
gptkbp:settlementPeriod 1-2 business days
gptkbp:standsFor Automated Clearing House debit
gptkbp:usedBy gptkb:government_agency
individuals
businesses
gptkbp:usedFor direct payments
bill payments
recurring payments
gptkbp:usedIn gptkb:United_States
gptkbp:bfsParent gptkb:Direct_Debit
gptkbp:bfsLayer 7