What is ACH (very odd)?
I checked my checking account today with the phone branch because my bank is closed on sundays. An ACH deposited some money into my bank checking account once my bank opens i will clear the mix-up, but until then I want to know who or what is ACH. Thank you for any help.
- Jim SLv 77 years agoFavorite Answer
ACH means Automated Clearing House (Bank-to-Bank transfers).
In your bank account however, this means that some counterparty that has your account info (your Direct Deposit Employer), or the government has sent you some money through the ACH system.
- Ian GLv 47 years ago
Automatic Clearing House