ACH stands for “automated clearinghouse” and refers to a nationwide system used to electronically transfer money. It may support both credit transfers and direct debits. The ACH system is designed to process batches. An ACH payment—also known as an electronic check or a direct debit, among other names—is one of several ways to transfer money from one bank to another. The Consumer Financial Protection Bureau specifically defines an ACH. trol of individual users. It references various in-depth resource materials and is not intended as a substitute for. ACH is an inexpensive, reliable, and secure way to process payments. And for specific types of transactions and recurring payments, ACH transfers are an easy way for businesses to reduce the time. Direct Deposits and Direct Payments are the smart and convenient way businesses, individuals, and government entities safely send and receive payments. Also known as direct debit, EFT, electronic bank transfer and eCheck, these types of payments move on the ACH Network – a payment system that. ACH network transactions, also known as "direct payments", have become one of the most popular methods of transferring money electronically.
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