Which corporate ACH format normally settles in two business days rather than the next day:

Question

Quizplus · Accepted Answer

Prearranged payments and deposits (PPD) are a type of ACH transaction that typically settles in two business days instead of one, which is the standard settlement time for other types of ACH transactions. PPD transactions include direct deposits of payroll, pension, and government benefits, as well as preauthorized bill payments.

Which Corporate ACH Format Normally Settles in Two Business Days