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What an ABA routing number is. The ABA number is the bank routing number, which is the first series of numbers on the far-left side of the MICR code. The routing number is printed with magnetic ink or MICR font that a computer uses to identify the bank or financial institutions associated with an account. An ABA number doesn’t correspond to a ...
Jan 17, 2024 · Payment of a bill. BAC or BACS. Bankers' Automated Clearing Services. Electronic system to make payments directly from one account to another. Can take up to three working days to clear. BGC. Bank Giro Credit. The deposit of cash or a cheque in a bank branch. BSP.
Arbitration A procedure used by an acquirer on behalf of the merchant to resolve a chargeback-related dispute with a card issuer. Association MasterCard International, Visa U.S.A. or Visa International, which are licensing regulatory agencies for bank card activities.
Feb 16, 2024 · Certificate Of Deposit - CD: A certificate of deposit (CD) is a savings certificate with a fixed maturity date , specified fixed interest rate and can be issued in any denomination aside from ...
- Jason Fernando
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Rate it: AACB. Adazi Ani Community Bank. Rate it: AAIB. African Alliance Investment Bank. Rate it: AATB. American Association of Tissue Banks.
Jan 20, 2022 · BACS - formerly known as Bankers’ Automated Clearing Services - is a popular way to send money and receive payments in the UK. BACS electronic payments work similarly to ACH transfers in the US - allowing individuals and businesses to transfer money directly into UK bank accounts. This guide covers all you need to know about the BACS payment ...
Sep 21, 2022 · The automated clearing house (ACH) is a network for processing electronic payments without using wire transfers, credit cards, or cash. ACH transfers can automate regular payments, such as bills or employee wages. An ACH transfer is sometimes referred to as an electronic funds transfer (EFT).
