How do ACH bank transfers work?
ACH stands for Automated Clearing House, a U.S. financial network used for electronic payments and money transfers.
Also known as “direct payments,” ACH payments are a way to transfer money from one bank account to another without using paper checks, credit card networks, wire transfers, or cash
Payments processed through ACH payment processing are not immediate. While ACH is faster than it would be if it were paper-based, transferring funds between banks using this method still takes time.
The batches in which ACH transactions are processed get ran only three times a day and only on business days.