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Automated clearing house
Type of electronic network for financial transactions / From Wikipedia, the free encyclopedia
This article is about the generic concept. For the specific payment system in the United States, see ACH Network.
An automated clearing house (ACH) is a computer-based electronic network for processing transactions,[1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits.[2][3] The ACH system is designed to process batches of payments containing numerous transactions, and it charges fees low enough to encourage its use for low-value payments.