ACH Invoicing A-Z Training

What is the primary focus of the video tutorial?

• How to manage credit card payments

• How to set up a savings account

• How to process commission payments from a client's account

• How to apply for a personal loan

What triggers the email notification mentioned in the video?

• When a client updates their account information

• When a client applies for a loan

• When a personal loan account is funded

• When a client makes a wire transfer

What is the first step after receiving the email notification about loan funding?

• Call the client

• Ask the client to send a wire transfer

• Process the company's commission

• Update the Miller note board

Why should wire transfers not be used for commission payments?

• They are not secure

• They are faster than ACH

• They are not taught in the tutorial and are complex

• They are too expensive

What is the consequence of a client wiring out of their account within the first 90 days?

• The account will be upgraded

• The client will receive a warning

• The account will be shut down

• The client will be charged a fee

What is the name of the payment processor used for ACH transactions?

• Stripe

• PayPal

• NMI

• Square

What information is required from the client to process an ACH payment?

• Account number and routing number

• Home address

• Credit card number

• Social security number

For which type of accounts is the ACH process described in the video applicable?

• Credit cards

• Business loans

• Personal loans

• Savings accounts

Who must grant access to process loans or commissions out of someone's account?

• The payment processor

• The client

• The instructor or Finn

• The bank

What should you always ensure about your login credentials?

• They are shared with your team

• They are correct and you can access NMI

• They are written down

• They are changed monthly