3 A B C D E F G H I J L M N O P Q R S T V W


on Sep20

The Automated Clearing House is a mechanism available through the Federal Reserve that allows banks to provide money to or take money from merchants or others automatically. This regional organization also allows banks to transfer money between themselves electronically. Like a check, an ACH transaction can bounce and can take time to clear.


Recommended to you

Previous postTransaction Fee Next postTransaction

Copyright© 2024, United Thinkers