What is ACH and NACHA?
ACH- Automatic clearing house ACH. A nationwide electronic funds transfer network which enables participating financial institutions to distribute electronic credit and debit entries to bank accounts and to settle such entries. NACHA: A membership organization that provides marketing and education assistance and establishes the rules, standards and procedures that enable Financial Institutions to exchange ACH payments on a national basis.
Related Questions
- Will the bank accept a data file in the "standard" ACH (NACHA specification) format even though the bank itself may require "non-standard" ACH information in some fields?
- Which NACHA standard entry class codes are used for FedGlobal ACH Payments items?
- Can I import my detailed payment information into AmegyConnect™ ACH?
