The ACH network electronically transfers funds by crediting the collector's bank account and debiting the payer's bank account for the amount of a payment.

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This is a correct statement. The ACH network is a system for electronic funds transfers that operates by crediting the bank account of the recipient and debiting the bank account of the payer for the amount of the transaction.

The ACH Network Electronically Transfers Funds by Crediting the Collector's