ACH — Automated Clearing House
Links on this page, including products and brands featured on ‘Sponsored’ content, may earn us an affiliate commission. This does not affect the opinions and recommendations of our editors.Read more
ACH is a term for a specific type of bank transfer from US accounts that sends money in batches. The transfer generally takes longer than other bank transfers, but can often be cheaper than a wire transfer, or free.
The Automated Clearing House (ACH) network allows businesses and individuals to make and receive payments for various purposes. These can include funding or receiving a currency exchange, receiving payroll and salary, paying bills and taxes, direct deposits and several other payment services.
Funding a money transfer via ACH is easy as you will typically only need the bank account details for yourself and the currency exchange provider. Most ACH transactions in the US are paid in three or fewer business days, as the banks batch ACH transfers together into certain slots. An ACH transfer also has more security than a bank wire transfer, and they are often reversible if you make an error. ACH transfers are best used for budget-friendly transfers that are not time-sensitive.
ACH — Related terms
ACH is similar to direct deposits, bank transfers and clearing houses. ACH is a US-specific network. Similar networks exist in Europe (SEPA — the Single Euro Payments Area), Australia (Direct Entry / Bulk Electronic Clearing System or BECS) and other countries around the world.
Why Trust Monito?
You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.
Monito is trusted by 15+ million users across the globe.
Monito's experts spend hours researching and testing services so that you don't have to.
Our recommendations are always unbiased and independent.