jayhav asked in Business & FinanceInvesting · 1 decade ago

Are EFT and ACH the same thing?

I am trying to determine if EFT and ACH are the same product. I understand the difference between ACH and Wires but it seems that EFT and ACH are referred to as being the same thing by some sites but as different things on other sites...

2 Answers

  • 1 decade ago
    Favorite Answer

    They're pretty close. Technically, ACH (Automated Clearing House) is a FORM of EFT (Electronic Funds Transfer).

  • Rabbit
    Lv 7
    1 decade ago

    I know what an ETF is--exchange traded fund. It is essentially a mutual fund that is sold on the normal stock exchanges as normal stock.

    I haven't a clue to ACH or EFT, but since misspelling is a common problem here, I off this as a guess to part of your question.

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