ACH Transfer| ACH Credit | What is ACH?

| Friday, July 1, 2011
ACH transfer is one of the easiest and quickest ways to transfer money throughout the world. If you are looking for an urgent business payment, ACH transfer is the best way to transfer fund. You can transfer money to every part of the globe without visiting your bank to initiate the transfer.

If you visit a bank to transfer fund you need to stand in a queue in order to initiate a fund transfer. ACH transfer is one of the best ways to transfer money because you can initiate a transfer at your own convenience from home or anywhere else that is convenient for you. All you need to initiate the transfer is a computer with a basic internet connection and an ACH account with a bank or a reputed financial organization.

To transfer fund from your bank account you need to initiate ACH transfer from your online ACH account and request the bank to perform an ACH debit of the amount you want transfer and credit it to the intended receiver’s bank account.

ACH transfer is one of the oldest ways to transfer money since 1970’s and it works as a mediator to transfer money. Generally ACH processing software require 42 to 72 hour to be completed because ACH transaction are done in bulk batch files and the bank will only activate automated clearing house transfer at a fixed a date.

Most of the bank will charge a fee to transfer fund by means ACH transfer, the fee is quite cheaper compare to wire transfer.