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Using ACH for expenses

Posted: Mon Oct 29, 2012 12:22 pm
by clintonjjames
As a new clerk I am trying to clean up. I notice that when setting up a payee for expenses there is an ACH section. From what I can read,
no financial institution may issue an ACH transaction towards an account without prior authorization from the Receiver. Depending on the ACH transaction, the originator must receive written authorization from the receiver. Written authorization constitutes a signed form giving consent on the amount, date, and frequency (if applicable) of the transaction.

Can anyone tell me about their use of ACH and where they found the consent form. Searches in the WIKI and forum came up dry.

Posted: Mon Oct 29, 2012 12:49 pm
by jdlessley
clintonjjames wrote:I notice that when setting up a payee for expenses there is an ACH section.
Electronic transactions are not possible in the U.S. version of MLS. You must therefore be in an area/country that has this capability. It may help others responding to this thread to identify the country as there may be area rules and directions for ACH.

Posted: Mon Oct 29, 2012 1:02 pm
by russellhltn
jdlessley wrote:It may help others responding to this thread to identify the country as there may be area rules and directions for ACH.


Actually, it would be nice if everyone took a moment to update their profile with their country. We lost that back when the forum converted to LDS Accounts some time ago.