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!!
- DON WLv 75 years agoFavorite 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.
- AnnLv 75 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.