ACH transfer

An ACH (Automated Clearing House) transfer is a way to electronically move money between bank accounts within the United States. It's commonly used for direct deposit of paychecks, paying bills online, or transferring money between personal accounts. The process involves banks communicating through a secure network to process the payment, usually taking one to two business days. ACH transfers are efficient, reliable, and cost-effective, serving as an electronic alternative to paper checks. They are regulated to ensure security and accuracy, making everyday financial transactions smooth and convenient.