Glossary
ACH remittance
Automatic bank debits used to repay advances and some loans.
ACH (Automated Clearing House) remittance is an automatic electronic debit from your business account, usually every business day or weekly, authorized when you sign. It is how most fixed-payback advances and many online loans collect. Debits are attempted regardless of your balance; a returned debit typically triggers fees from your bank and the provider.
How it appears in a contract
An ACH authorization form specifying the amount, frequency, account, and the provider’s right to re-attempt returned debits.
Worked example
$962 weekly on the example advance, or roughly $192 on each business day if daily.
Illustrative figures on stated assumptions; not quotes.
What to ask
- Daily or weekly, and on which day?
- What happens on a returned debit, and what are the fees?
- Can the day of the week be aligned with my deposits?
Related terms
Weekly remittance · Holdback · NSF (non-sufficient funds) · all terms
Educational definitions, not legal advice. Contract terms and their legal treatment vary by provider and state; read your agreement and ask a professional.
See which options fit your numbers
Inquiries are not open yet. You can preview the three-minute questionnaire now, and use the calculator and comparisons freely.