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Automated Clearing House (ACH) | Learn With Finance Strategists

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  • Опубликовано: 6 авг 2024
  • Automated Clearing House (ACH) is an electronic payments network run by the National Automated Clearing Housing Association (NACHA) to facilitate lower-value money transfers between financial institutions. When starting a new job position, your employer may set up ACH to allow direct deposits from your employer’s bank account to your bank account. Other use cases of ACH include payments of social security benefits electronically and automatic withdrawal of rent and utility payments. ACH is an alternative to wire transfers, checks, and credit card networks.
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    0:00 Automated Clearing House Definition
    0:48 How to Setup ACH
    1:05 How ACH Works
    2:16 ACH vs Paper Check Processing
    2:39 ACH Question & Application
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