What Does ACH Credit Mean? How does it work?

by Cheqly team | | ACH Credit

Do you pay your staff members by direct deposit? Have you used online bill payment? If so, an ACH credit has been sent to you. Millions of transactions like this are handled daily by the Automated Clearing House (ACH), a vital network in the US financial sector. When your company employs ACH payment solutions, you … Continued

How does an International Wire Transfer work?

by Cheqly team | | International Wire Transfer

You may need to send money overseas today, tomorrow, or anytime for various reasons such as, purchasing a vacation property, sending a one-time payment to a loved one overseas, or routinely transferring your pension due to relocation. Therefore, an international wire transfer could be your best option for an overseas money transfer. What is an … Continued

Digital Wallets: A Comprehensive Guide for Beginners on How They Work

by Cheqly team | | Digital Wallets

Digital wallets are the product of the latest technology, and they are rapidly growing because of their versatility and ease of payment options. A report by FIS Global shows that by 2024, digital wallets will control 33.4% of point of sale (POS) spending, while cash will only make up 12.7%. What is a Digital Wallet … Continued

ABA Number: Definitions, How It’s Used & How to Find It?

by Cheqly team | | ABA Number , Bank Routing Number

Have you noticed the nine-digit code at the bottom of the checks? You may have misunderstood it as an account number, but this is an ABA routing number, also known as a bank routing number. This signifies the financial institution that pays the check. What is an ABA number? An ABA number, a nine-digit code … Continued

How to Forecast Balance Sheets and Income Statements in Financial Planning?

by Cheqly team | | Financial Forecasting

Financial forecasting helps small businesses check their financial health and predict what’s ahead. By looking at past data from income statements and balance sheets, businesses can see how they might perform in the future and understand their assets, debts, and profits. This allows them to make intelligent decisions like gaining or handling capital. Knowing how … Continued

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