Outbound and inbound
Outbound and inbound ACH payments
ACH allows you to transfer funds electronically and cost-efficiently through the Federal Reserve ACH network. Cross River offers both outbound and inbound ACH payments, enabling you to both originate and receive ACH payments. Cross River supports both Same Day and Next Day (standard) ACH settlement.
See our tutorial to learn how to send an ACH payment.
Outbound ACH payment
An Outbound ACH payment either pushes funds to or pulls funds from an account at an external bank. An Outbound Push sends funds to the recipient's account and this is a credit to the receiver. An Outbound Pull submits a request to pull funds from an external account to the account at Cross River and this is a debit for the originator.
The following diagram shows the outbound flows and webhook events for ACH transactions.
Note that if the postingType of the transaction is individual, the Core.Transaction.Completed webhook is triggered when the activity is posted for an individual payment (at the end of the flow). For the aggregate postingType, the Core.Transaction.Completed webhook is triggered for an outbound push payment when the distribution is created to be sent to the Fed. See the notes inside the image.
Inbound ACH payment
An Inbound ACH payment involves receipt (push) to or authorized withdrawal (pull) from an account at Cross River. An Inbound push involves a customer at an external bank sending payment to an account at Cross River and this is a credit for the receiver. An Inbound pull involves a customer at an external bank pulling money from an account at Cross River and is a debit to the originator.
The following diagram shows the inbound flows and webhook events for an ACH payment.
