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ACH (Automated Clearinghouse) Definition

May 5, 2015

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Definition
Stands for Automated Clearinghouse, a network for electronic financial transactions in the U.S. With ACH, financial institutions can transfer funds between accounts. ACH is an alternative to cash transactions and allows for companies to streamline their operations, such as offering direct deposit to employees or allowing customers to pay online.

Related Article:
What is ACH?
Pros and Cons of Direct Deposit

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