A person inknown to me set up a recurring ACH transaction through State Farm to pay his insurance premium.?

A person inknown to me set up a recurring ACH transaction through State Farm to pay his insurance premium. The money was taken from my checking account. My bank didn’t didn’t notice that the name on the account (mine) was different than the ACH requestor. Isn’t there security set up to check for this? Related [...]

Can ACH transactions be verbally authorized?

I owe Bob . Over the phone I tell Bob to get it from from checking account. I give him my checking account number. Can Bob automatically retrive his from my checking account? Related Blogs Eye2Spy – Providing Hot Deals Daily » $125 for Openning a Checking … $125 for Openning a Checking Account at [...]

Do ACH transactions process on weekends?

I initiated an ACH debit from my Chase checking account into my ING Direct of 0. But I was wondering when I would expect to see the funds into my ING account? Would the 3 business days start on Monday thru Wednesday, or do Saturday and Sundays count? Related Blogs The Benefits of Using a [...]