Differentiation of checks ,wire transfer and ACH

[Former Member]

Hi all !

Could please someone help me with this

How can we differentiate that the information we are recieving from the bank in the form of lockbox file is thorugh checks ,wire transfer and ACH

What is a ACH?

Can we use Lockbox for Wire transfer and ACH. If so how and if not what is the other way to do so..

Please do help me... will reward the points for any sort of help.

Thanks in advance

[Former Member · Accepted solution]

ACH is A provider of electronic funds transfer services in the United States, handling automated payments such as direct debit and direct credit.

Companies that use ACH send a DME file with information about the payments to be made. ACH then carries out the payments for them.