Automated Clearing House (ACH)

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The automated clearing house (ACH) is a system run by the National Automated Clearing House Association (NACHA), that allows electronic funds to transfer throughout the United States. The ACH network provides transactions for payments such as bills, loan payments, tax refunds, direct deposit, and payroll services.

The ACH network provides a sort of financial centralized location that can easily and efficiently move money from one bank account to another. There are billions of ACH transactions each year in the United States. An ACH transaction is completed by the originating depository financial institution (ODFI). The ODFI takes the pending ACH transaction and puts it in a batch with other ACH transactions to be sent out at scheduled times during the day.

Lift Credit completes many installment loan payments through the ACH network each day. To learn more about ACH and other financial terminology, visit!

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