ACH Direct Debit is a new payment method by which you can authorize your bank, Ahli Bank, to transfer money from your accounts to other beneficiaries account with Ahli Bank or any other local bank. You can also authorize us to debit other customers’ accounts and receive money in your favor.
Terms and conditions applied.
When you have recurring payments to be paid by you or in your favor and instead of checks, individual transfers, or cash deposits, you can sign ACH Direct Debit form as a Payer or as a Payee together with the counter party. The Payments will be processed automatically to debit or credit your account with Ahli Bank as the case may be. The receiving bank will handle the processing.
ACH Direct Debit features :
- You can choose payment periodicity (daily, weekly, monthly….) .
- It is the electronic alternative for checks and cash payments.
- You can set start date, end date, total amount, and transaction amount.
- It can only be revoked by the approval of both the account party and the beneficiary.