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What are ACH payments?

A - C - H  pay - ments
plural, noun

An ACH payment is a digital payment solution facilitating the electronic transfer of funds between bank accounts. This transaction is done through the Automated Clearing House (ACH) network, providing a streamlined method for businesses and individuals to send or receive payments without the need for physical cash or paper checks.

The processing time for ACH payments has decreased over the years, as noted by the National Automated Clearing House Association (NACHA). Presently, the ACH procedure typically concludes within a span of one to two business days, showcasing the efficiency gains achieved in this payment process.