{"id":9407,"date":"2023-12-24T10:17:17","date_gmt":"2023-12-24T15:17:17","guid":{"rendered":"https:\/\/faisalkhan.com\/?page_id=9407"},"modified":"2023-12-24T10:17:18","modified_gmt":"2023-12-24T15:17:18","slug":"ach-pull","status":"publish","type":"page","link":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ach-pull\/","title":{"rendered":"ACH Pull"},"content":{"rendered":"\n
An ACH pull<\/strong> is a type of ACH transaction where funds are “pulled” from the payer’s bank account by the payee. In this case, the payee initiates the transaction and, with prior authorization from the payer, withdraws the designated funds from the payer’s account.<\/p>\n\n\n\n Pros:<\/strong><\/p>\n\n\n\n Cons:<\/strong><\/p>\n\n\n\n In these examples, ACH pull transactions simplify the payment process for regular, ongoing financial commitments, benefiting both the payee and the payer in terms of convenience and reliability.<\/p>\n","protected":false},"excerpt":{"rendered":" Definition of ACH Pull An ACH pull is a type of ACH transaction where funds are “pulled” from the payer’s bank account by the payee. In this case, the payee initiates the transaction and, with prior authorization from the payer, withdraws the designated funds from the payer’s account. How It Works The “Pull” in ACH […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3611,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"blocksy_meta":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable":" Definition of ACH Pull An ACH pull is a type of ACH transaction where funds are “pulled” from the payer’s bank account by the payee. In this case, the payee initiates the transaction and, with prior authorization from the payer, withdraws the designated funds from the payer’s account. How It Works Authorization: Initially, the payer grants permission to the payee to pull funds from their account. This often involves setting up a mandate or agreement. Initiation: When a payment is due, the payee initiates the transaction, requesting the funds from the payer’s account. Processing: The payee’s bank processes this request…<\/p>\n","category_list":"","author_info":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable_v2":" Definition of ACH Pull An ACH pull is a type of ACH transaction where funds are “pulled” from the payer’s bank account by the payee. In this case, the payee initiates the transaction and, with prior authorization from the payer, withdraws the designated funds from the payer’s account. How It Works Authorization: Initially, the payer grants permission to the payee to pull funds from their account. This often involves setting up a mandate or agreement. Initiation: When a payment is due, the payee initiates the transaction, requesting the funds from the payer’s account. Processing: The payee’s bank processes this request…<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num_v2":"0 comments","yoast_head":"\nHow It Works<\/h3>\n\n\n\n
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The “Pull” in ACH Pull<\/h3>\n\n\n\n
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Users of ACH Pull<\/h3>\n\n\n\n
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Pros and Cons<\/h3>\n\n\n\n
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Examples of ACH Pull Usage<\/h3>\n\n\n\n
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