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What is ACH Debit?

April 26, 2017ACH Debit

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What is ACH Debit?

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An ACH Debit is an electronic transaction in which a financial institution authorizes the Treasure of State to withdraw funds from the institution’s account and deposit them into the Treasurer of State’s account. The financial institution initiates and specifies the amount and date of the withdrawal by calling a toll-free number at the Treasurer of State. There is no cost to you. No software. No transmission charges.