ACH Transactions

ACH (Automated Clearing House) transactions are electronic transfers of money between banks, used for things like direct deposit of paychecks, bill payments, and transferring funds between accounts. They are processed in batches rather than immediately, making them a cost-effective and efficient way to move money. ACH transactions are secure, reliable, and widely used for routine financial activities, typically settling within one to two business days. This system facilitates smooth, paperless money movement, reducing the need for physical checks and cash handling.