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What is ACH?

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What is ACH?

Answer

ACH stands for "Automated Clearing House", the system used by banks and governmental agencies (e.g. IRS) to transmit direct deposits and debits. This process is unlike a wire transfer (which is a same day transaction), and may take up to 1-3 business days to complete the process from one bank to another.


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Views: 1118 Created on: Jun 15, 2013
Date updated: Dec 12, 2018

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