Nigeria Automated Clearing System

The Nigeria Automated Clearing System (ACS) is a digital platform that streamlines and accelerates the process of settling financial transactions between banks within Nigeria. It allows electronic payments, such as revenue transfers and interbank deposits, to be processed efficiently and securely without physical exchange of cash or paper instruments. By automating clearing processes, it reduces the time it takes for transactions to complete—from days to just hours or minutes—enhancing efficiency, reducing errors, and enabling smoother, more reliable banking operations for individuals and businesses.