What are ACH transfers?

ACH transfers are electronic, bank-to-bank money transfers processed through the Automated Clearing House (ACH) Network.

What is the difference between ACH and direct deposit?

ACH transfers are electronic, bank-to-bank money transfers processed through the Automated Clearing House Network. Direct deposits are transfers into an account, such as payroll, benefits, and tax...

Can you send money online with ACH?

ACH transfers aren’t the only way to send money online. You can open an online checking account with Current, a financial technology platform, and receive instant deposits from your bank account. With Current Pay, you can send or request money instantly to other Current members without any transfer fees.

How long does it take to receive an ACH payment?

Sending and receiving ACH payments is usually quick. According to NACHA, settlement—or the transfer of funds from one bank to another via the ACH network—generally happens the next day after the transaction is initiated.