answersLogoWhite

0

What does ACH stands for?

Updated: 9/23/2023
User Avatar

Wiki User

11y ago

Best Answer

ACH is a centralized system to which different banks are electronically connected forming a network for clearing payment requests.

User Avatar

Rosario Abernathy

Lvl 10
1y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does ACH stands for?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is an ach transfer?

ACH stands for automatic clearing house but it is an electronic funds transfer from one bank to another


Which banks are the biggest ACH operators?

The biggest ACH operators are the Federal Reserve Banks. ACH stands for automated clearing house. The Federal Reserve handles 60% of these transactions.


How can someone perform a bank ACH transfer?

ACH stands for Automated Clearing House. One can perform a bank ACH transfer by direct-deposit payroll payments and payments to contractors and vendors.


What is an ACH remittance?

This can have two meanings: ACH by de facto is a US concern, ACH stands for Automated Clearing House, which is in some manner a very antiquated system for clearing of cheques electronically. If a payment is being made to you via an ACH submitted cheque or if you are paying someone via ACH submitted cheque, this can be termed as an ACH remittance (in most circles this is called an ACH payment simply). However, if you are sending money cross-border (remittance) and are paying via an ACH cheque, this would correctly be termed as an ACH remittance. ACH remittances are usually done online on websites like Xoom.com, Remit2India.com, etc. where the financial instrument of choice to make the payment is your bank account, and you utilize the ACH system to present an e-check or electronic cheque (sometimes also called an Internet check) to make the payment for your remittance.


What is ACH processing used for?

ACH stands for Automated Clearing House and is the network for all financial payments and transactions in the US, excluding credit card payments. It is governed by the Federal Reserve and the National Automated Clearing House Association.


What is ac h?

ACH is a form of payment. It stands for automated clearing house. It is when you give permission to a company to pull funds directly from your account.


What has the author Friedrich Ach written?

Friedrich Ach has written: 'Hoch ach tungsvoll'


What does apa stand for in apa treas 310 misc pay?

APA stands for Automated Clearing House (ACH) Payment. APA Treas 310 Misc Pay is a type of electronic payment from the U.S. Department of the Treasury processed through the ACH system.


How do ACH transfer payments work?

ACH stands for Automated Clearing House, It is a network of computers linked between banks and financial institutions,. An ACH payment transpires when one entity such as a retailer, known as the "originator" makes an electronic request to a financial institution (the "receiver") for a transfer of funds. The availability of funds is first confirmed before the transfer takes place.


What change does ACh cause in an ACh receptor?

ACh binds to each ACH receptor which causes opening of ligand-regulated ion gate and the creation of end-plate potential.


When was Ach. Brito created?

Ach. Brito was created in 1887.


When was Manfred Ach born?

Manfred Ach was born in 1940.