Automated Clearing House (ACH)

This bank transfer service is operated by the electronic payments association, NACHA.

Payment types include Direct Deposit via ACH, typically used to pay employees or customers. And Direct Payment via ACH, which can be set up as a one-off or as recurring payments.

NACHA moves around $43 tn each year, made up of more than 25 bn financial transactions.

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Type Bank transfer
Company behind LPM NACHA
Market relevance High
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