NEED HELP!! ACH deposited money and I didn't authorize it?

Just recently I bought something on the internet! So afterwards I went and checked my bank via phone! And it took the correct payments out! But then as I was looking I seen where for some reason something called ACH deposited money in my account! What is this? Is it bad? Please help!!

2 Answers

  • DON W
    Lv 7
    5 years ago
    Favorite Answer

    ACH is the automated clearing house--a system that the banks use to move money around. It is not at all bad.

    The ACH deposited money on behalf of someone else--you'll have to find out who.

  • Ann
    Lv 7
    5 years ago

    Sometimes they post a $1.00 transaction to test if the card is valid. Then they refund it. So it might not be bad at all.

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