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What is a microdeposit for ACH verification and why is it necessary?

A micro deposit is a small amount of money (often less than $1) sent to your bank account to verify account ownership and authorize ACH (Automated Clearing House) transactions. To complete verification, you link your bank account, receive two small deposits, and then confirm the exact amounts back to us online or by phone. The sections below explain the purpose, process, and benefits of micro deposit verification.

What Is the Purpose of Micro Deposits?

  1. Verification: To confirm that the account details provided are correct and that you have access to the account.
  2. Ownership Confirmation: To verify that you are the legitimate owner of the account and have authorized its use for ACH transactions.

How Does the Micro Deposit Verification Process Work?

  1. Initiation: When you manually link your bank account for ACH transactions, two small deposits will be sent to your account.
  2. Delivery Timeframe: The two micro deposits typically appear in your bank account within 1–3 business days after initiation, though same-day or next-day delivery may occur depending on your bank.
  3. Notification: Once the deposits appear, check your bank account statement or online banking to find the exact amounts.
  4. Confirmation: Enter these amounts in your bank account page online, or contact our support team by phone. This step confirms that the account details are correct and that you have access to the account.

What Are the Benefits of Micro Deposit Verification?

  • Security: It ensures that the account is valid and helps prevent fraudulent activity.
  • Accuracy: It helps confirm that funds will be correctly deposited or withdrawn from the intended account.

Note: The micro deposit amounts are typically withdrawn from your account automatically after verification is complete. If verification is not completed within the allowed timeframe, the deposits may be reversed and you will need to restart the linking process.

Micro deposits are a simple and effective way to verify account information and set up ACH transactions securely.