ACH

Definition

Automatic Clearing House. A nationwide electronic funds transfer network which enables participating financial institutions to distribute electronic credit and debit entries to bank accounts and to settle such entries.

Use ACH in a sentence

You should try and use the ACH to your advantage to make it much easier to get some business deals done.

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If you want to find an easier way to send money to other people you may want to get an account with the ACH.

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When my brother decided to set up a new bank, he asked me to research how to connect to the new bank to the central ACH to make sure that all transactions were properly cleared.

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