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What is ACH?

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Question
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: 1864 Created on: Jun 15, 2013
Date updated: Nov 11, 2021

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