ACH (Automated Clearing House)
ACH, or Automated Clearing House
ACH, or Automated Clearing House, is an electronic network in the United States for processing payments and money transfers.
It facilitates direct deposits, bill payments, payroll transactions, and other forms of electronic funds transfers (EFTs) between banks.
ACH transfers are widely used by businesses for payroll processing, allowing employers to directly deposit employees’ wages into their bank accounts.
Compared to traditional paper checks, ACH is faster, more secure, and cost-effective, making it a preferred method for recurring payments and direct deposits.
Fingercheck and any related entities do not offer tax, accounting, or legal advice. This content is designed for informational purposes only and should not be considered a source of tax, legal, or accounting advice. It is recommended that you consult your tax, legal, and accounting advisors before undertaking any related activities or transactions.
Table of Contents
Related Articles
Wage Deduction Authorization
Wage deduction authorization Wage deduction authorization is a written agreement or consent by an employee, allowing their employer to deduct certain amounts from their paycheck…
Workers’ Compensation
Workers’ Compensation Workers’ compensation is a type of insurance that provides financial and medical benefits to employees who are injured or become ill due to…
Workforce Management
Workforce Management Workforce management refers to the strategies, processes, and tools that organizations use to optimize the productivity and effectiveness of their employees. It includes…
Stay in the loop
Get all the latest Payroll, Scheduling, and Time Tracking tips for your deskless workforce.