A bank ACH transfer is an Automated Clearing House (ACH) network that is used to send money from one bank to another electronically. Person-to-person payments, bill payments, and direct deposits from companies and government benefit programs are all examples of ACH transfers. (Another one is payments made from one business to another.) In order to transfer money to relatives, the ACH network is used by a wide range of service providers, including Zelle, banks, and third-party apps like Venmo, and PayPal.

How To Do An Ach Transfer?


There are two ways to do an ACH transfer, and each has its own delivery time and cost.

  • A debit transaction through ACH: that means you allow the company you are owing to take the money directly from your account every month..
  • a credit transaction through ACH: here you are sending the money to another bank to pay a friend or a family member.

How Long Does It Take For An Ach Transfer

An ACH transfer is typically executed in 2 to 3 business days. Any hiccups in the clearance of these payments may cause a delay in the time it takes for the money to reach your account.