Confirmed Ach Tutorials – Updated Cashout Guide
Confirmed Ach Tutorials
Automated Clearing House (ACH) payments are electronic funds transfers between bank accounts. ACH payments have been around for over four decades and were designed to be faster, safer, and more efficient than using paper checks to transfer funds. ACH payments have long been used by businesses and government entities to direct deposit paychecks, for example, and they have also grown in popularity among individuals as a way to pay taxes and recurring bills.
What you need
1. Drop Account (where you will send the money to)
2. Bank logs(Eg. Chase, Suntrust, etc)
3. RDP or socks with the same address as your drop account( Most banks check for this and some do not. So to be on the safer side it is better to log in close to the drop account)
NOTE:
For a more successful ACH transfer your log account must have a huge balance, this way the account holder may not keep track of the spending on the account and you can cash out many times before it backfires.
NOW THE TRANSFER
1. Login your log with financial management sites like personalcapital.com, waveapps.com, freshbooks.com
I listen to these sites because they do not trigger and request security codes when you are adding your logs to the website. Remember this is where you will get your trial deposit.
2. log in to your drop account
3. Look for the transfer tab which is always the upper bar.
3. Look for an additional external account and click on it.
4. Here you will need the Account number and Routing number from your logs. Add the account number and routing number of the logs as external accounts and send a trial deposit to the logs.
5. In 2-3 days go back to the financial management site you added the logs to. Looks for the micro-deposite sent by the drop account.
6. Go back to your drop account and verify the external account with the micro-deposit or trial deposit.
7. In most cases you can initiate a transfer from your external account which is your logs to the drop account the same day. But I will advise you to wait two more days.
8. You should always read about the drop bank very well and know its daily limits.
9. For maximum success always trial a lower transfer first, for example, try to transfer $1800 the first time and you can go higher the second time but it should always be within the limit of the bank.
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