ACH payment to a personal bank account

December 19, 2022
December 19, 2022


Q. Can I make an ACH payment/transfer to a personal bank account (John Smith) if the invoice is from XYZ LLC (Single Member LLC - disregarded entity) and John Smith is the owner of XYZ LLC, or do I have to ask for an XYZ LLC bank account? John Smith is the name shown on the income tax return and XYZ LLC is business name/disregarded entity name. A. (Answered by Debra Richardson, a third-party Vendor Master File Advisor: When paying vendors electronically you…

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