Question by RMich: Is is legal to require payment by ACH?
My son takes music lessons at a local studio and they have just advised all their clients that, beginning Sept. 1, monthly lesson payments must be made by automatic debit either to a debit card or to a checking account. Can they do that? I mean, legally? It strikes me as a violation of consumer rights but I’m no lawyer. (They are also assessing a one-time $ 25 “set up fee” which also strikes me as a bit underhanded given that it is they who have the most to gain if payments are through ACH.)
Best answer:
Answer by malica
They can ask for payment how ever they want. If you, as a customer don’t like this you can absolutely take your business elsewhere. Nothing illegal here.
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Question by gdavison: How long does an ach payment take to clear your bank account?
I payed HSBC and their records showed $ 34.00 was taken out on 08/19/08 but my own bank has not shown the deduction yet. I am pretty sure HSBC got paid because their records show standard payment. I am thinking that my bank took $ 34.00 out of someone else account or they goofed and lost it. Local branch customer service said wait tell Monday.
Update. My bank told me to wait a couple of more days. I am tired of waiting. I did call HSBC, they actually have the money. So, I am wandering if the Federal Reserve lost it or my bank lost it.
Best answer:
Answer by AIDAN’S MOM
HSBC has processed the ACH on there end, you should see it come our of your account in a couple of days. I wouldn’t worry just yet, if it is not out by Monday I would call them and double check what account number they w/d the funds from.. just to verify.
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nProtect Exhibiting at PAYMENTS 2014 in Orlando
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Without warning, banks that hold depository, ACH, and operational accounts for payday lenders began telling those clients to take their business elsewhere. Cash America International (CSH), First Cash Financial Services (FCFS), EZCORP (EZPW), DFC …
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Moorestown Residents Can Now Pay Taxes, Utility Bills Online
At this time, e-check and credit card payments are only accepted online, credit cards and e-check payments cannot be made in-person at the Township office. All ACH, e-check and credit card transactions are charged a convenience fee of $ 1.05 per ACH or …
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BOARD OF SUPERVISORS MEETING Minutes 8/26/14
Moved by Hertle, seconded by Wiley, to approve checks numbered 211331 through 211504, payroll checks numbered 137706 through 137748, and ACH deposits numbered 21465 through 21735, for payment. All members voting aye thereon. Motion carried.
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International Payment Processing Company PacNet Services to Attend ERA …
Some of the payment facilities offered by PacNet include check processing, credit card processing in 130 currencies, direct debit, EFT, ACH and bank transfer collection from the US, UK and around the world. PacNet also initiates outgoing payments by …
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Some of the payment facilities offered by PacNet include cheque processing, credit card processing in 130 currencies, direct debit, EFT, ACH and bank transfer collection from the UK and around the world. PacNet also initiates outgoing payments by …
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Payment Savvy is Now Offering Complimentary Payment Processing
From business owners who are looking for the best solution to accept credit cards to managers who wish to use the company’s state-of-the-art ACH payment processing software, thousands of clients use Payment Savvy’s outstanding products and services.
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Question by d man: What is an ACH payment?
I am wanting to set up a high and free checking account and one of the monthly requirements is to have at least one direct deposit or ACH payment. What is an example of an ACH payment. Would a payment like netflix be considered an ACH payment.
Best answer:
Answer by doreen k
If you arrange for your Netflix monthly subscription fee to be automatically debited from your checking account, then that would be an ACH (Automated Clearing House) payment if you set it up that way. If you instead provided your debit card number, then that would NOT be an ACH payment.
ACH payments can be used for things like automatic payments to insurance companies, utility companies, etc. When you make these arrangements, just be sure to request an ACH or automatic checking account payment, using your routing and transit number and full account number (as it might appear on the bottom of your checks, assuming you have paper checks printed for your checking account). Again, do NOT provide your debit card number, as that would not be an ACH payment.
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Question by Pzoff: Will my bank bounce my ACH payment?
Say I have a bill due for $ 100 tomorrow and I deposited that same amount yesterday. Tonight, I checked my bank balance and the “balance amount” is $ 100 but the “available amount” is only $ 80. Considering I have no outstanding/pending checks ‘out there’, etc., will I get slap with a non sufficient fund morning when other bank decides to withdraw my money for payment via ACH or will I be okay because I would have enough fund to cover the payment?
Best answer:
Answer by CandaceShelle
You need to base it off of your available balance because something has claimed that 20 dollars in your account so you will not have the funds in there to cover the ACH payment. Contact your institution and ask them what the 20 dollar hold is on your account and see about depositing the 20 dollars in there ASAP to cover the ACH transaction.
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Payment Data wraps up 2013 with net loss
The company specializes in providing payment-processing solutions for merchants and billers. Payment Data Systems blamed the decrease in revenues on lower transaction volumes in its Automated Clearinghouse (ACH) and prepaid card business …
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How to stop payment on ach payday loans
Payday maintains ongoing communication with hundreds of tax authorities to ensure that we are up to date with the how to stop payment on ach payday loans payroll tax laws and procedures. If you have questions please call 1-877-336-7397. Since sales …
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linked2pay Garners Gold Medal for Top ACH Innovation at Payment Industry's …
In 2002, transmodus began building the platform and in 2011 launched linked2pay, a bundled payments processing product that provides quick and secure ACH payments that are as easy to transact as credit card payments and can provide considerable cost …
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Question by Beautiful Girl: How long does ACH payments take?
My boss said he sent the check out thursday but i thought i would see it in my bank account today , but its not there
Best answer:
Answer by Kevin Campana
– Standard funding time is 4 days. ACH Processing is very different from credit cards in this respect. The ACH transaction proceeds as if the customer has the funds in their bank account but the customer bank has to “report” to us the money was actually in the account and that is has officially been transferred. This can take 3 days.
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PayStand Out of Beta And Ready To Take On PayPal
PayPal and PayStand accept both credit cards and (ACH) payments in the form of eChecks and Dwolla transfers, but PayStand takes the game to a whole new level by driving consumers toward bitcoin transactions. PayPal also revealed new plans. Click here …
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MyECheck to Provide Fully Electronic Check Services to VX Gateway
About MyECheck MyECheck Inc. is a leading electronic payment technology developer providing a new electronic payment method that is replacing cash, paper checks, credit & debit cards, and ACH "e-check" payments. MyECheck operates under license to …
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