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What is ACH?: Facts about the Automated Clearing House(ACH) Network

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The Automated Clearing House Network The ACH Network is at the center of commerce in the U.S., moving money and information from one bank account to another through Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit transactions; recurring and one-time payments; government, consumer and business-to-business transactions; international payments; and payments plus payment-related information. Each year it moves more than $41 trillion and 24 billion electronic financial transactions. As such, the ACH Network is now one of the largest, safest and most reliable payment systems in the world, creating value and enabling innovation for all participants.  ACH Network: Quick Facts The ACH Network is a batch processing system in which financial institutions accumulate ACH transactions throughout the day for later batch processing. Instead of using paper to carry necessary transaction information, such as with checks, ACH Network transactions are tran