An ACH is an electronic fund transfer made between banks and credit unions across what is called the Automated Clearing House network. ACH is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments.
The Automated Clearing House (ACH) is an electronic network (otherwise known as ACH network) that connects more than 25,000 banks and financial institutions in the United States. This allows for the electronic transfer of funds across accounts, making payments quicker and simpler. There are two types of ACH transactions:
The automated clearinghouse (ACH) system is a nationwide network through which depository institutions send each other batches of electronic credit and debit transfers. The direct deposit of payroll, social security benefits, and tax refunds are typical examples of ACH credit transfers.
What is the Automated Clearing House (ACH)? The Automated Clearing House network, also known as ACH, is a channel run by the National Automated Clearing House Association (NACHA), which transfers funds electronically from one place to another. The NACHA operates to facilitate the growth of electronic payments throughout the US for payroll
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what is an automated clearing house
