[{"data":1,"prerenderedAt":120},["ShallowReactive",2],{"post-what-is-the-ach-network":3},{"id":4,"title":5,"body":6,"categories":109,"date":111,"description":12,"extension":112,"meta":113,"navigation":114,"path":115,"seo":116,"stem":117,"tags":118,"__hash__":119},"blog\u002Fblog\u002Foutput\u002Fposts\u002F2023-04-09-what-is-the-ach-network\u002Findex.md","What is the ACH Network?",{"type":7,"value":8,"toc":102},"minimark",[9,13,36,45,48,53,56,64,67,71,74,77,84,88],[10,11,12],"p",{},"The ACH (automated clearing house) network is a payments network in the United States used to process low-value domestic payments. Two different operators run the ACH network:",[14,15,16,28],"ul",{},[17,18,19,20,27],"li",{},"Electronic Payment Network (EPN). Run by the ",[21,22,26],"a",{"href":23,"rel":24},"https:\u002F\u002Fdavegarry.com\u002Fwho-are-the-clearing-house\u002F",[25],"nofollow","Clearing House",".",[17,29,30,35],{},[21,31,34],{"href":32,"rel":33},"https:\u002F\u002Fwww.frbservices.org\u002Ffinancial-services\u002Fach",[25],"FedACH",". Run by the Federal Reserve Banks.",[10,37,38,39,44],{},"The ",[21,40,43],{"href":41,"rel":42},"https:\u002F\u002Fdavegarry.com\u002Fwho-are-nacha\u002F",[25],"National Automated Clearing House Association"," (Nacha) govern the ACH network.",[10,46,47],{},"Approximately 11,000 financial institution use the ACH network in the United States.",[49,50,52],"h2",{"id":51},"what-is-an-ach-transfer","What is an ACH Transfer?",[10,54,55],{},"An ACH transfer sends electronic funds over the ACH network. There are two types of ACH transfers:",[14,57,58,61],{},[17,59,60],{},"ACH Debits - Initiated by a payer to send funds directly to a receiving account. e.g. employee salaries",[17,62,63],{},"ACH Credits - Initiated by a recipient to request funds, e.g. bills.",[10,65,66],{},"ACH transfers are batched, cheap and can be reversed.",[49,68,70],{"id":69},"how-does-ach-work","How does ACH work?",[10,72,73],{},"The ACH operators will batch these transfers according to the Receiving Depository Financial Institutions (RDFI) receiving the transfers. The RDFI receives these transfers at a number of set intervals during the day. An RDFI will debit\u002Fcredit accounts based on the account and routing numbers.",[10,75,76],{},"An ACH transfer can complete in a number of hours or up to two business days depending on the time of the day or whether same day processing has been specified.",[10,78,79],{},[80,81],"img",{"alt":82,"src":83,"title":82},"ACH Transfer","\u002Fimages\u002F2023-04-09-what-is-the-ach-network\u002Fimage-1-1024x513.png",[49,85,87],{"id":86},"examples-of-ach-payments","Examples of ACH Payments",[14,89,90,93,96,99],{},[17,91,92],{},"Direct deposit from employer to employees",[17,94,95],{},"Household utility payments",[17,97,98],{},"Business paying suppliers for products\u002Fservices",[17,100,101],{},"Funds transfer from one bank account to another",{"title":103,"searchDepth":104,"depth":104,"links":105},"",2,[106,107,108],{"id":51,"depth":104,"text":52},{"id":69,"depth":104,"text":70},{"id":86,"depth":104,"text":87},[110],"ach","2023-04-09","md",{},true,"\u002Fblog\u002Foutput\u002Fposts\u002F2023-04-09-what-is-the-ach-network",{"title":5,"description":12},"blog\u002Foutput\u002Fposts\u002F2023-04-09-what-is-the-ach-network\u002Findex",null,"cOJ0FEAiwVY7jlY7EiTU3ZmZCzujAdl2GHP_19MGxUg",1779314090579]