Dfasf asked in Business & FinanceInvesting · 9 years ago

diference between direct deposit and ACH?

i know banks encourges to have direct deposit on your account to get any offers.

what is ths direct deposit

hw does this differs frm any other transfers like ACH..

what dos it has to do with the person doing it .like my employer does a deposit for my paycheck

1 Answer

  • JoeyV
    Lv 7
    9 years ago
    Favorite Answer

    ACH stands for automated clearing house and it is a very widely used way of electronically transferring money. There are other ways of transferring money including direct wire transfer and probably a bunch of others that are beyond my knowledge of electronic banking. Direct deposit needs to use some method of electronic banking and it is very likely that they use ACH where you work.

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