Advertising

Ach

• Is the Automated Clearing House.

 
 Embedded terms in definition
 Automated clearing house
Clearing
 
 Referenced Terms
 Automated clearing house: Abbreviated Ach. A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float.

 Pax: Is the Private Ach Exchange.

 Preauthorized electronic debits: Abbreviated PADs. Debits to its bank account in advance by the payer. The payer's bank sends payment to the payee's bank through the Ach Automated Clearing House (ACH) system.

 
 Related Terms
 Ach automated clearinghouse credits
Ach automated clearinghouse debits

<< Ace Ach automated clearinghouse credits >>

Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...

To get rich, never risk your health. For it is the truth that health is the wealth of wealth. - Richard Baker

Advertising



Copyright 2009-2017 GVC. All rights reserved.