An ACH deposit is an electronic transfer of funds using a secure network in the US, eliminating the need for physical handling of money. It can be used for loan payments, direct payroll deposits, and transferring funds between accounts, offering speed, convenience, and fewer errors. An Automated Clearing House (ACH) deposit is an electronic transfer […]
ACH direct deposit is an electronic check used for monthly transactions. The system began in the 1970s and is most useful for ordinary bills. The US Federal Reserve wire transfer system is more secure but charges a fee. The decision to use either method depends on the amount of money being moved, interest rates, and […]
