Anonymous
Anonymous asked in Business & FinanceTaxesUnited States · 1 decade ago

Tax refund in ACH Status What is ACH?

So the bank says my tax refund deposit from the irs is in ACH status. I am expecting it tomorrow?

What does that mean? Should it post tomorrow or will it be a while. I did a direct deposit, no fees taken out.

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  • 1 decade ago
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    ACH stands for Automated Clearing House. It's the formal name for electronic funds transfers between banks through the Federal Reserve System. It's more commonly known as Direct Deposit. The term "ACH" is still widely used in the banking industry.

    The message means that a deposit is pending. If everything is OK, it should be completed tomorrow some time.

    Source(s): Used to work in the banking industry.
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  • 5 years ago

    This Site Might Help You.

    RE:

    Tax refund in ACH Status What is ACH?

    So the bank says my tax refund deposit from the irs is in ACH status. I am expecting it tomorrow?

    What does that mean? Should it post tomorrow or will it be a while. I did a direct deposit, no fees taken out.

    Source(s): tax refund ach status ach: https://biturl.im/j24NG
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  • 1 decade ago

    Should go in overnight. Waiting on mine tonight as well.

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