Automated Clearing House - ACH: An automated clearing house (ACH) is an electronic funds-transfer system run by the National Automated Clearing House Association (NACHA). This payment system deals.. An ACH transfer is an electronic, bank-to-bank money transfers processed through the Automated Clearing House Network. A direct deposits is a transfer into an account, such as payroll, benefits.
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What are ACH payments? ACH payments are transfers of funds between accounts at different financial institutions, using the ACH network. The ACH network is administered by the National Automated Clearing House Association (Nacha), an independent organization owned by a large group of banks, credit unions, and payment processing companies.Nacha financial institutions provide a way to directly.. In banking, "ACH" stands for "automated clearing house," which is a network that coordinates electronic payments and automated money transfers. ACH is a way to move money between financial institutions without using paper checks, wire transfers, credit card networks, or cash.
