you paid over the internet, stands for Automated Clearing House. (thanks for asking because i had to look this one up since i did not know either) autocheck Automated Check payment- meaning option to pay by check by phone. it means "automated clearing house". This is a electronic funds transfer directly from your checking/ savings account. It stands for Automated Clearing House. Its an organization that facilitates electronic payments. If you choose an ACH payment option then you give them your bank account info and they electronically transfer funds out of the bank account each month for your payment. Automated Clearing House
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