When you transfer money between two accounts you own, the transfer goes through a system called ACH, which stands for Automated Clearing House. You can initiate the transfer either from the sending account or from the receiving account. When you initiate the transfer from the sending account, it’s an ACH credit, or figuratively an ACH […]
Why Is ACH Slower At Some Places Than Others?
ACH stands for Automated Clearing House. It’s low-cost method to move money from one account to another. When you have payroll direct deposit, it’s done by ACH. When you give your bank account to an insurance company for automatic monthly payments, it’s done by ACH. When you transfer money from a checking account to an […]