How to do ACH Bank Transfer?
1. To get started with an ACH bank transfer, you’ll first need to obtain all the details of the account that the recipient Bank is using, such as their account number, the routing number, as well as the name on their account.
2. After you have this information, you can log on to your online banking or mobile service provided by the bank or financial institution.
3. The platform interface should include a few options: “Transfer Money”, “Send Money” or “Make a Payment”. They will all let you enter the recipient’s banking information, such as account number, routing number, and name along with the transfer amount.
4. Indicate whether it’s a one-time payment or a recurring transfer and, if recurring, state how frequently there is one.
5. Revisit all the details to make sure that they properly highlight the information, and confirm the transfer only after the agreement.
6. How to secure your bank will also determine if you are required to add other authentication methods, such as a one-time passcode sent to your mobile phone.
7. After making the confirmation, take a close database look at your account activities for the progress of the transaction. ACH transfers on average take 1-2 business days to be processed, therefore the recipient cannot immediately see the funds in their account.
8. Check to make sure there are enough funds in your account to cover the transfer amount and any transaction costs; also verify the validity of the beneficiary’s banking information in order to prevent mistakes and delays.