How Does the Automated Clearing House (ACH) Work?

Well, today we talked about the Automated Clearing House (ACH). It's an electronic funds-transfer system run by Nacha that facilitates the transfer of funds between financial institutions in the U.S. and internationally. Recent rule changes enable most credit and debit transactions through the ACH to clear on the same business day, making money transfer quick and easy. However, there may be limitations and fees imposed by your bank when using the ACH network.
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