Ach Transfer Instructions: Fill & Download for Free

ACH transfers are performed through Automated Clearing House (in the US). The information on the transfer is sent from the bank to the clearing house which contacts the the other bank and provides the respective instructions.ACH transfers are not performed in the real time so it is going to take you 1-3 days for the money to be moved from one bank account to another. But ACH transfer is the cheapest way to transfer funds between bank accounts.I can recommend you one article where different types of bank transfers are explained. Demystifying Bank Transfers

For investment rounds, 85-90% chance the round will close if there's a signed term sheet from a reputable source after completing any business due diligence. Individual participant completion rates range from 30-50% for unknown or inexperienced investors via funding platforms, to 85-90% for a respectable lead investor. If the lead investor drops out you have to hustle. Other investor dropout is just part of the game, and you have to deal.Regarding completion, it's like closing any deal whether it's a romantic date or selling a couch. Make sure the momentum is there. Follow up. Contact them. Watch the document signatures and wire instructions. You can have your lawyer, accountant, office manger, etc., email and text them. If it's a fund, talk to their CFO, accountant, or assistant, not just the lead VC (who probably doesn't directly do bank transfers). Get the money, and also deliver the goods, as fast as you can. Try to get a self-closing deal, one that issues shares automatically on signature, that's fundable and (in theory) not cancelable by the investor after signing, and ask them to confirm the wire transfer instructions or ACH immediately upon signing. In practice, an investor can always back out if they want, but if they do that often they'll get a bad reputation and nobody will deal with them. Immediate close is a lot better than a transaction that's supposed to close only on reaching a subscription target, further exchange of documents, issuance of share certificates, etc.If you're talking acquisition of a growth stage company, I would guess 60-80% go through, and mostly fail because of mismatched expectations, loss of momentum due to haggling or pressure until one side or both lose interest, or something troubling that comes up in due diligence. Whereas post term sheet due diligence for funding rounds is often a formality or at most a housecleaning exercise, a buyer is going to really kick the tires.

Someone was probably using your bank account as a money mule.The scam works by circumventing Account Take-Over Security (ATO Fraud) and begins to use your bank account as a processing point for illicit funds. In this first example, someone uses a stolen credit card to transfer over money to a bank account using a third-party service such as the money transit service Western Union (WU). WU bills the stolen credit card and sends the money to your bank account and the criminal can then begin to use online services available with your bank to perform an ACH transfer (wiring money) to another bank account abroad that supports ACH (Automated Clearing House), such as Mexico, which has a lot more relaxed regulations compared to US and Canada.Another way a criminal can use your bank account to cash out is via eCheck. Paypal has partnered with hundreds of banks and allows customers to instantly link their bank account. You are instructed to log in to the bank's website, which then your bank prompts a message on the screen requesting your authorization to link your account with PayPal, and upon agreeing you can begin to use that bank account to instantly withdrawal funds and shop with merchants that accept PayPal. Because websites such as eBay sell gold and gift cards, criminals can use your bank account and purchase these untraceable goods and ship them abroad or to a mail drop in the US (abandoned homes, sorting facilities etc.).Prepretarors normally find victims and look for clues on the account showing inactivity and a lack of monitoring to the very existence of the bank account. In this situation, the perpetrator believed through some tell-tale signs that the account holder does not use the account very often to notice what would be going on.It seems you got lucky and caught the perpetrator in the middle of his act. Firstly, contact your bank and question the unexpected deposit. Allow the money to sit there. Eventually, the victims will contact the bank to reverse the deposits due to funds being conferred fraudulently. I also recommend that you close your account immediately, and request to open a new one with the bank using a new email address and password.