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Deposits made to your bank account at retailers through the Green Dot Network may incur a fee of up to $4.95 per transaction. What are some other ways to deposit money at online banks?
An automated clearing house (ACH) is a computer-based electronic network for processing transactions, usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits.
A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. [1] Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay ...
Direct deposit is an electronic transfer of funds from a payer to a payee’s account. You can set up direct deposits with the following types of accounts: Traditional deposit bank...
A transaction account allows the account holder to make or receive payments by: ATM cards (withdraw cash at any Automated Teller Machine) Debit card (cashless direct payment at a store or merchant) Cash (deposit and withdrawal of coins and banknotes at a branch) Cheque and money order (paper instruction to pay) Direct debit (pre-authorized debit)
ACH Direct Deposit Quick Take. Automated Clearing House, or ACH network, payments are electronic fund transfers deposited directly into your checking or savings bank account, generally by your ...