Automated Clearing House (ACH) | Learn With Finance Strategists

Automated Clearing House (ACH) is an electronic payments network run by the National Automated Clearing Housing Association (NACHA) to facilitate lower-value money transfers between financial institutions. When starting a new job position, your employer may set up ACH to allow direct deposits from your employer’s bank account to your bank account. Other use cases of ACH include payments of social security benefits electronically and automatic withdrawal of rent and utility payments. ACH is an alternative to wire transfers, checks, and credit card networks.
_______________________
0:00 Automated Clearing House Definition
0:48 How to Setup ACH
1:05 How ACH Works
2:16 ACH vs Paper Check Processing
2:39 ACH Question & Application
_______________________

Learn more by visiting the page:

Check out the main Finance Strategists YouTube Page here:
_______________________
Message from the founder:
Here at Finance Strategists, we believe one of the best ways you can help someone is with their finances. We create helpful informational videos and content to help people take control of their finances.

Finance Strategists plans to launch "Finance Strategists for Kids" where we teach fundamental financial concepts to kids in a clear manner allowing them to generate margin in their lives to bless other people. We believe raising up a generation of leaders with financial freedom can change individual lives, neighborhoods, countries, and the world.
_________________________
🔔 Hit the bell next to Subscribe so you don't miss a video!
📧 Fill out this form to receive the "Finance Word of the Day" in your inbox!
_________________________
Follow us on Socials:
Instagram: @financetrategists
Twitter: @FinStrategists

[libra]

good job, this was the best video I've watched so far on this subject

[AnilKumar-kxmq]

my recruiter is asking for charges to create ACH is this true?