What is ACH?

ACH, or Automated Clearing House, is one of the fastest growing payment options in the U.S. Many consumers and businesses may actually be using ACH payments every day and not even realize this. In fact, the Electronic Payments Association states that each year ACH accounts for 23 billion electronic financial transactions and is responsible for moving more than $40 trillion annually. Think back to the last time you paid a bill online or received your tax refund electronically, it most likely came through ACH.
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