Sending ACH Transfers

Create an ACH Transaction

1. Create an ACH-US Node

2. Collect amount from User

3. Display Confirmation

   1. Express authorization language (e.g., “I authorize <Platform> to debit my account")

   2. Amount of transaction

   3. The date of transaction

   4. Account identifiers for both the accounts involved (account/routing, bank name with last 4 digits of account, etc.)

   5. Revocation language (for payments scheduled in advance)

4. Collect Affirmative Consent from the User

5. Create transaction

6. Send confirmation email to user

Notes:

• The ACH system allows users to Debit or Credit funds from their accounts

• ACH transaction will settle within 2-3 business days

• ACH transactions can return up to 60 days later