Sends an ACH payment (also called direct deposit or EFT) over the Automated Clearing House federal network. ACH payments settle in 3-4 business days on average and are the cornerstore of digital payments in the US. These payments are always bank to bank transfers.
During the 3-4 business days we SnapRefund will be listening to the status of the ACH payment as the banking network holds funds and waits for return codes. After the alloted time, if no return codes are generated the payment will settle and the funds transfer will finalize.