An ACH payment is a type of electronic bank-to-bank payment made through the ACH network, rather than going through the card networks such as Visa® or Mastercard®. ACH payments are processed automatically and securely.
Benefits of ACH Payments
- Flexibility to create single and reoccurring deposits for ACH payments such as payroll, suppliers, or taxes.
- Reduced costs for generating checks, mail, and postage.
- Allow customers to quickly and easily make simple deposits.
- Same-day ACH provides faster fund availability due to same-day clearing and settlements.
- Ability to securely access and disburse payments for payroll, reimbursements, tax and other refunds, annuities, and interest payments.
- Detailed reporting for any incorrect information or credit returned.
For the latest ACH-related news, events, and education, visit Nacha.org.