An ACH is a deposit that is sent electronically in to someone’s account. Sometimes it is called a Direct Deposit or an electronic payment. It can be your paycheck from your employer, an investment payment, government payments like tax refunds, or other forms of payment. ACH stands for Automated Clearing House.
If and when FCU is able to post funds before they are normally scheduled to arrive in a members account, is all dependent on the sending company. It costs only $20 each time a member wants to take advantage of this program. This program can not be set up to happen automatically, each time an electronic deposit comes in.
Information and interactive calculators are available to you only as self-help tools for your personal use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from a Frankenmuth Credit Union professional regarding all personal finance issues. Call 989-497-1600 or find a branch near you.