ACH Network

In the United States, the ACH Network is the national automated clearing house (ACH) for electronic funds transfers established in the 1960s and 1970s. It processes financial transactions for consumers, businesses, and federal, state, and local governments. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit for payroll, Social Security and other benefit payments, tax refunds, and vendor payments. ACH direct debit transfers include consumer payments on insurance premiums, mortgage loans, and other kinds of bills.

This article is about a specific payment system in the United States. For the generic concept of a payments clearing house, see Automated clearing house.

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    The rules and regulations that govern the ACH network are established by National Automated Clearinghouse Association (Nacha). In 2018, the network processed 23 billion transactions with a total value of $51.2 trillion. Credit card payments are handled by separate networks.

    The Federal Reserve's FedACH and The Clearing House Payments Company's Electronic Payments Network (EPN) are the two ACH operators in the United States.

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