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What are the documents required to apply for ACH?
Easily apply for ACH with: Formation Document Principal Officer ID Any business proof such as LLC/Corporation Document, EIN Letter or IRS
How ACH payments work?
Aside from the Automated Clearing House network (which connects all the banks in the United States), there are three other players involved in ACH payments: The Originating Depository Financial Institution (ODFI) is the banking institution that ...
What is ACH payment?
ACH payments are an electronic method of transferring funds between bank accounts within the United States. It enables individuals, businesses, and organizations to make secure and convenient transactions by electronically debiting or crediting their ...
ACH vs Wire Transfer
An ACH transfer sends funds from one bank to another using the Automated Clearing House network. A request has to be made from the payor's bank account to process an ACH transfer. Then, the payor's bank will send the funds through the Automated ...
Who is eligible to apply for the Line of Credit?
The users who have verified bank accounts using the instant verification method completing KYC and KYB can apply for the Line of Credit.