What is Automated Clearing House (ACH)?
ACH is an electronic network for financial transactions in the United States. It processes large volumes of credit and debit transactions in batches, including direct deposit, payroll and vendor payments.
- ACH streamlines the payment process by eliminating paper checks, improving efficiency and cash flow management
- Allows businesses to make and receive payments of all kinds and provides fast access to funds
- ACH services can reduce your risk of fraud since a transaction towards an account, be it debit or credit, cannot be issued without authorization from the recipient
- Provides control and flexibility including the ability to create templates for repetitive payments or collections; submit batches for next-day settlement until 9 p.m. CT; schedule an ACH up to 30 days in advance; define settlement dates and/or frequencies up to a year in advance; and import a NACHA or CSV file
ACH is available to business customers through U.S. Bank SinglePoint Essentials as an add-on service for a monthly fee. Make an appointment today.