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Automated Clearing House |
Also found in: Wikipedia | 0.02 sec. |
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Automated Clearing House (ACH) A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float. Automated Clearing House An electronic funds transfer system allowing for the instantaneous transfer of money between users for payroll deductions, tax refunds, direct deposits, and more transactions. It is run by the National Automated Clearing House Association. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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