Automated Clearing House (ACH) payments are electronic payments that are created when the customer gives an originating institution, corporation, or other customer (originator) authorization to debit directly from the customer's checking or saving account for the purpose of bill payment. Wikipedia
ACH is secure, convenient and fast. To Enable ACH payment on your account, please add a US based bank account to your Circle.us account. We will need:
- Routing Number
- Account Number
- Account Holder Name
- Account Type: Personal or Business
Please be advised that all bank accounts need to be verified before payments can be made. In order to verify your bank account, we send two small deposits (so-called micro-deposit) to your bank account and then ask that you report the deposit amounts back to us. The micro-deposits normally show on your online statement in 2 banking days, with the description of VERIFICATION. Once you have the values, navigate to Settings>Subscription>Payment>Bank Account and click Verify Now next to the corresponding bank entry.
After you input the correct values, the account is Verified and you are ready to send ACH payment to us.
If the bank account information you entered is incorrect, or you input the wrong values for 10 times, the account status will change to Verification Failed, and the bank account will be unable to be verified, you need to update the bank account information to start over the verification process.