ABA direct deposit refers to an electronic funds transfer service where funds are automatically deposited into a bank account through the automated clearing house (ACH) network. This service allows for convenient, timely, and secure deposit of funds, eliminating the need for physical checks or cash transfers.
7 answers
Martina
Tue Nov 12 2024
The ABA number serves a crucial role in financial transactions.
JejuSunshineSoulMateWarmth
Tue Nov 12 2024
It is primarily utilized for wire transfers.
Federico
Tue Nov 12 2024
The number is also essential for electronic ACH transactions.
BusanBeautyBloom
Tue Nov 12 2024
ACH transactions encompass various payment methods.
emma_carter_doctor
Mon Nov 11 2024
Electronic funds transfer is one such method facilitated by the ABA number.