Our deposits and payments are processed through the ACH network, which we'll refer to as direct deposit or automatic payments.
ACH stands for Automated Clearing House. Don't worry about that.
Here's what you need to know: we'll automatically send money to your bank account and automatically withdraw your payments on the dates displayed in the app so you don't have to do a thing.
Automatic (ACH) transactions are commonly used for many automatic bill payments, direct deposits from employers and/or government benefit programs.
Basically, it's a reliable mechanism for transferring money.
That being said, we encourage you to keep an eye on your Possible Finance account so we can help fix any issues that pop up!