Automated Clearing House - ACH

What Does Automated Clearing House - ACH Mean?
An electronic funds-transfer system run by the National Automated Clearing House Association. This payment system deals with payroll, direct deposit, tax refunds, consumer bills, tax payments and many more payment services.

Investopedia explains Automated Clearing House - ACH
The use of electronic clearing houses to facilitate electronic transfers of money has increased efficiency and timeliness of government and business transactions.

Filed Under: Derivatives, Options

Related Terms

Accounts Receivable Conversion - ARC
Authorized Settlement Agent
Bank Of First Deposit
Batch Header Record
Clearing Corporation
Committee On Payment And Settlement Systems - CPSS
Electronic Benefit Transfer - EBT
Electronic Payments Network - EPN
Finality Of Payment
National Automated Clearinghouse Association - NACHA
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