Direct Deposit Electronic Fund Transfer Act (EFTA) Social Security 
Stax
MARCH 27, 2025
With its unique structure, ACH transfers work well for improving business cash flow. ACH Credit or direct deposit refers to when the payer pushes funds into the recipients bank account or credit union account. There are two ACH categories based on who has control over the payment: ACH credit or ACH debit.
EBizCharge
JUNE 3, 2024
Here’s a brief overview of the prominent types: Automated Clearing House (ACH): ACH transfers are a reliable and often-used form of EFT. ACH is designed to process batches of transactions, such as direct deposits of salaries or social security benefits and direct payments for bills.
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