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What is ACH Credit?

April 26, 2017ACH credit

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What is ACH Credit?

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An ACH Credit is an electronic funds transfer transaction in which the financial institution sends funds to the Treasurer of State’s account. This process occurs through the ACH Network and requires that your institution be an ACH Originating Financial Institution. Through the ACH Credit option, you to initiate ACH transfers using the National Automated Clearing House Association (ACHA) Convention Cash Concentration or Disbursement Plus format (CCD+) in the TXP Payment format.