About ACH

The Automated Clearing House (ACH) Network is a highly reliable and efficient nationwide batch-oriented electronic funds transfer system which provide for the interbank clearing of electronic payments for participating depository financial institutions. The Federal Reserve and Electronic Payments Network act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH entries.

ACH Transaction Types:

• Direct Deposit of payroll, Social Security and other government benefits, and tax refunds
• Direct Payment (or direct-debits) of consumer bills such as loans, utility bills and insurance premiums
• Business-to-business payments
• Electronic Checks (E-checks)
• E-commerce payments
• Federal, state and local tax payments.

If you're getting your paychecks directly deposited into your bank account, you're already using the ACH network. With an ACH account, PaySimple enables you to use this same system to process checks electronically and enable an auto-recurring billing program that lets your customers pay you automatically by transferring money from their bank account into yours.