Some examples of ACH credit and ACH debit transactions are as follows: Both the sender and the recipient’s banks are also involved and the ACH operator that handles electronic debits and credits also ensures the transaction is successful, Chime’s blog post added.Ĭhime also mentioned that if you’re initiating an ACH payment, then the direction the funds are moving determines if it’s a debit or credit. You also have the person or business receiving funds. In these types of transactions, you have the person or business sending the money. An ACH credit transaction takes place when funds are deposited into a bank account. The digital bank further notes that an ACH debit transaction involves the withdrawal of funds from a bank account.
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