ACH Transfer - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/RD2uL5bdttlZDkKgkhk2jS8

Label ACH Transfer

Preferred Label Automated Clearing House Transfer

Identifier N/A

Alternative Labels

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Definition

An ACH (Automated Clearing House) Transfer is an electronic method of moving funds between bank accounts via the Automated Clearing House network. Commonly used for domestic transactions, it enables payments like direct deposits and bill payments.

Class Relationships

Sub Class Of

• Payment Modality

Is Defined By

N/A

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available