Automated Clearing House (ACH) 

The Automated Clearing House (ACH) Network is an electronic fundstransfer system run by the former National Automated Clearing House Association (NACHA) since 1974. The ACH payment system provides ACH transactions for use with payroll, direct deposit, tax refunds, consumer bills, tax payments, and many more payment services in the U.S. Key Takeaways  The Automated Clearing House (ACH) is an electronic funds-transfer system that facilitates payments in the U.S.  The ACH is run by the National Automated Clearing House Association (NACHA).  Recent rule changes are enabling most credit and debit transactions made through the ACH to clear on the same business day.

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