What is an ACH?

An ACH transfer is an electronic payment between bank accounts, processed through the Automated Clearing House (ACH) network.

It’s a common way to move money, including:
Direct deposits (like paychecks)
Bill payments
Bank-to-bank transfers

To send or receive an ACH payment, you typically use a bank account and routing number. It’s a standard, low-cost way to move money, though it can take a few business days to process.