Which companies provide ACH payment services?
Payments
Asked by Question Bot03/Nov/20141 answer
1 Answer
F
Faisal Khan
Answered 03/Nov/2014
Not sure if this is the answer you are looking for. There isn't anything that I know of, that is referred to ACH-to-ACH or back-to-back ACH.
An ACH function can initiate a singular function. Either an ACH debit, or an ACH credit. You cannot have an ACH debit and then ACH credit to another account, using the same ACH file submission. For this you would need to hack the ACH file submission process as follows:
Day: 1 ACH Pull Request
Day: 2 ACH Funds Debited (here you get the confirmation of funds being available)
Day: 3 ACH Funds Credited --- this is where you initiate the secondary ACH Request
In simpler words, you would have to overlap files, which is usually not a good idea if you encounter a 4-day settlement process or an NSF or reversal call. It has cascaded effects.
Your best option is to have 2 ACH transactions that do not overlap. In between you want to do a check to ensure the funds are available before you submit the second file.
An ACH function can initiate a singular function. Either an ACH debit, or an ACH credit. You cannot have an ACH debit and then ACH credit to another account, using the same ACH file submission. For this you would need to hack the ACH file submission process as follows:
Day: 1 ACH Pull Request
Day: 2 ACH Funds Debited (here you get the confirmation of funds being available)
Day: 3 ACH Funds Credited --- this is where you initiate the secondary ACH Request
- Day 1: ACH Push Request
- Day 2: ACH Funds Debited from your Account
- Day 3: ACH Funds Credited to your destined Account.
In simpler words, you would have to overlap files, which is usually not a good idea if you encounter a 4-day settlement process or an NSF or reversal call. It has cascaded effects.
Your best option is to have 2 ACH transactions that do not overlap. In between you want to do a check to ensure the funds are available before you submit the second file.