ACH Hold: What Does It Mean

by Cheqly team | | ACH Hold

If you ever come across the words ‘ACH hold’ while looking at your bank account, it can be useful to know that this means the money is on hold, awaiting the completion of an electronic transaction. One common type of ETF (electronic fund transfer) is ACH, short for Automated Clearing House. Both people and organizations … Continued

Virtual Banking: Navigating Your Digital Financial Options

by Cheqly team | | Virtual Banking

The time when you had to wait in line for hours at the banking hall just to send and receive cash is long gone. In the current digital era, you can access your bank account anywhere, anytime. Virtual banks can help with this. Captive, branchless, and anytime-anywhere virtual banks offer services similar to conventional banks. … Continued

Business Debit Cards: Everything You Need to Know

by Cheqly team | | Business Debit Cards

Business debit cards are increasingly being used and are changing the way most businesses transact. These cards are a fast and secure replacement for traditional methods of expense control because they are connected in real time to a business’s bank account. So, in this article, we’ll look at what you need to know about business … Continued

What is Direct Deposit through ACH?

by Cheqly team | | ACH Direct Deposit

Let’s review the key aspects of ACH Direct Deposit that you should be aware of, starting with how it works and its benefits. What is an ACH Direct Deposit? ACH direct deposit lets employers or state and federal agencies transfer money electronically straight into a consumer’s bank account. It can be categorized into three groups: … Continued

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