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ACH is short for the Automated Clearing House and is run by the National Automated Clearing House Association (Nacha).

An ACH transfer is an electronic bank payment transaction or money transfer from a bank account to another bank account. The Automated Clearing House and its financial institution members send payments on behalf of bank account holders. 

The Automated Clearing House (ACH) Network is a robust network that both consumers and businesses rely on for electronic payments. And when handling global ACH payments as a business, it’s important to understand ACH banking terms and acronyms that may appear in statements. 

The ACH (Automated Clearing House) is a networked banking system for the exchange of money.

ACH (or Automated Clearing House) is a network used for transferring money payments electronically across the United States. The ACH network is governed by Nacha (National Automated Clearing House Association) and may also be referred to as the ACH scheme.

The term global ACH can be used to describe global bank-to-bank transfers going through networks similar to the Automated Clearing House when these payments are made internationally rather than for two-sided transactions within the U.S. 

The (MICR) machine-readable ABA number is printed with magnetic ink on the bottom left of each bank check. A fraction form shows a backup ABA number near the top of the same check, which is a different set of numbers, including the branch number. 

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Assessing accounts payable vs. notes payable isn’t an apples-to-apples comparison. Accounts payable is much more complex, involving many linked tasks and related business documents to enable accurate and timely payments and help optimize working capital.

Is ACH Credit or ACH Debit Right for Your Business? ACH debits and credits are a convenient way of sending and receiving payments. They often provide advantages over other payment systems

An ACH direct deposit is a type of electronic funds transfer made into a consumer’s checking or savings account from their employer or a federal or state agency. The most common types of ACH direct deposits include salary payments, tax returns, and government benefits. 

ACH loans work for some companies with subpar credit. A business applies for an ACH loan with a lending company that offers ACH loans. The lender performs due diligence on the ACH loan applicant’s business but doesn’t require collateral. The applicant’s business credit score isn’t considered for ACH loan approval.