What is ACH Network? A Detailed Guide
The ACH Network is an electronic payment system that facilitates the transfer of money between two parties. This network was created by the National Automated Clearing House Association (NACHA) in 1974 and is used today by more than 10,000 financial institutions to transfer funds quickly, securely, and cost-effectively. The ACH Network is used for a variety of payments, including direct deposits, preauthorized debits and credits, bill payments, and more.