ACC

ACCs, or Automated Clearing Houses, are secure electronic networks that process financial transactions like payroll deposits, bill payments, and direct debits. They allow businesses and individuals to transfer funds efficiently without using paper checks or physical cash. Think of ACCs as a digital bank highway that automates and speeds up these transfers, reducing manual effort and minimizing errors. They operate behind the scenes, ensuring that money moves accurately and securely between bank accounts, typically within one to two business days. ACCs are a vital part of modern electronic banking, providing a reliable system for routine financial transactions.