ACH

The Automated Clearing House (ACH) is a network that facilitates the electronic transfer of funds between bank accounts. It is commonly used for processing direct deposits, bill payments, and other types of electronic transactions. ACH transactions are often preferred for their efficiency, cost-effectiveness, and reliability compared to traditional paper checks. In the context of merchant accounts, ACH enables businesses to collect payments directly from customers’ bank accounts or process recurring transactions with ease. ACH transactions are typically processed in batches, and while they may take one to two business days to complete, they provide a secure and streamlined method for managing financial operations.

ACH is the abbreviation for the Automated Clearing House network.