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Author: Ash The Great

ACH Transfers: How They Work, What Are They, Should I Use Them?

If you have sent or received money in the past, there is a good chance that an Automated Clearing House was involved. If you receive a transfer that isn’t instant or where you have to wait overnight, then an Automated Clearing House (ACH) was probably involved. When an ACH is involved, the process will always take at least one night to complete. If the payment is sent on a non-business day such as a Saturday, Sunday or bank holiday, then the payment will take longer. Direct deposits all work because an ACH is involved. Here is what you need...

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