Automated Clearing House Form Template

[ˈɔːtəmætɪd ˈklɪərɪŋ haʊs]
Definition:

The ACH (Automated Clearing House) form template is a document which is used to authorize recurring payments to be taken from the organization’s bank account. 

The ACH form template should include the following: billing information, bank details and information about who the payment is going to. It is essential for organizations to have this template in place for all their vendors in order to ensure that there is a document recording all this information.

Part of speech:
noun
Use in a sentence:
Ensure to have a ACH Form Template.
ACH Form Template