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What does ACH mean?

April 26, 2017ACH mean

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What does ACH mean?

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A. The Automated Clearing House (ACH) Network is a highly reliable and efficient nationwide batch-oriented electronic funds transfer system governed by the NACHA operating rules which provide for the interbank clearing of electronic payments for participating depository financial institutions. The Federal Reserve and Electronic Payments Network act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH entries.

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ACH stands for Automated Clearing House. ACH is the financial network run by the Federal Reserve that acts as a clearing house for electronic debit and credit transactions. ACH is widely used by the financial community to transfer funds between accounts.

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Automated Clearing House (ACH) is a funds transfer system governed by the rules of the National Automated Clearing House Association (NACHA) to remit payments and payment information electronically.