Credit Glossary Definition (English)

ACH Debit Defined
The following is in context to Credit, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"An Automated Clearing House (ACH) Debit is a banking term for the electronic transfer of funds in which the state contacts its bank to initiate the transfer from your bank account to the state's account. The state pays the transaction costs for the ACH Debit. If you choose this payment option you will be able to file your return at any time and authorize the payment amount and date, up to the due date of the return, that you want the funds withdrawn from your account."
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