What is e-transfer (ACH)?
e-Transfer (ACH) is a completely online, paperless money transfer service which enables you to send money directly from your bank account in USA to your beneficiary in India from the comfort of your home. It uses the US Automated Clearing House (ACH) network to directly transfer money. ACH is the clearing network for electronic funds transfers in USA. Banks can process financial transactions electronically without using paper instruments such as checks using the ACH network. ACH allows a client to use a bank to initiate a debit or credit transaction on his or her bank account, subject to certain authorizations as per ACH rules.
