ACH transactions

[Florian Diesch]

"Ian L. Target" <ian69 at comcast.net> writes:

> Graham Todd wrote:
>> On Fri, 24 Jul 2009 00:24:51 -0700
>> David Miller <justdave at bugzilla.org> wrote:
>>
>>   
>>> Michael wrote on 7/23/09 4:27 PM:
>>>     
>>>> Does anyone know how to stop a merchant from processing a hand
>>>> written check as an ACH transaction?  This "service" provided by my
>>>> bank is a real PITA.  
>>>>       
>>> Way off-topic for this list, but the short answer is, you can't.
>>>
>>> http://www.federalreserve.gov/paymentsystems/truncation/faqs2.htm#ques18
>>>     
>>
>> /rant coming
>>
>> Ah, that explains it - its a foreign matter and the advice given does
>> not relate to the law in *my* country.  Of course, *my* country might
>> have similar statutes that apply, but the advice given was totally about
>> the law in the USA. BTW I live in the UK.
>>
>> If we're going to have discussion about such wide ranging topics, could
>> we remember please that a good number of us *ARE NOT* US citizens and
>> are totally disinterested in matters parochial enough to not affect us,
>> such as Check 21 and ACH transactions?
>>
>> /end of rant
>>
>> BTW what are ACH transactions?
>>   
> Automatic Clearing House (I think.)  It is where a company you write a 
> check to converts the check into a "credit card like" transaction.
>
> Just out of curiosity, do people not write checks in your country?  

Until a few years ago Eurocheque <http://en.wikipedia.org/wiki/Eurocheque> 
has been quite popular over here in Germany. Since it's end checks
aren't widely used anymore. Instead usually wire transfer is used.


   Florian
-- 
<http://www.florian-diesch.de/>