Manage payables and receivables
Increase Efficiency and Convenience
Accepting ACH payments will make life easier for your customers, while also saving your business time and money.
What is the Automated Clearing House (ACH) Network?
The Automated Clearing House Network, or ACH, is a network used for electronically moving money between bank accounts across the United States.
What are ACH payments?
An ACH payment is a type of electronic bank-to-bank payment. The ACH system is a way to transfer money between bank accounts, rather than going through card networks or using wire transfers, paper checks, or cash.
How long does an ACH payment take to process?
ACH transactions typically take 3 working days to appear in your bank account.
What is the difference between ACH and wire transfer?
An ACH transfer is completed through a clearing house and can be used to process direct payments or direct deposits. Wire transfers allow for the movement of money from one bank account to another, typically for a fee.
How Safe Are ACH Transfers?
ACH transfers are regulated and designed to prevent fraudulent transactions. They can also be safer than certified checks, cashier’s checks, or personal checks. It’s important, however, to initiate ACH transfers or receive them only from trusted entities.