Incoming ACH Debit

Incoming ACH Debit:

• Description: An external entity initiates a request to withdraw funds from your customer's account within the MBanq Cloud system.
• Example Situation: A subscription service provider wants to collect monthly subscription fees from their customers who have accounts within the MBanq Cloud platform. The provider submits an ACH debit request to withdraw the specified amount from the customers' accounts within MBanq Cloud.

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API Reference for Incoming ACH Debit:

• Create ACH Transfer
• Creating Webhook Subscriptions

1. An external entity initiates a request to withdraw funds from your customer's account within the MBanq Cloud system.
2. The external entity's bank, acting as the ODFI, generates an ACH file containing the payment instructions, including the customer's account information and the debit amount.
3. The ODFI submits the ACH file to the ACH Operator for processing.
4. The ACH Operator distributes the ACH file to MBanq Cloud, acting as the RDFI.
5. MBanq Cloud receives the ACH file and processes it, debiting the funds from the customer's account as instructed by the external entity.