ACH (Automated Clearing House), Glossary and Terms, Depository Institutions & Credit Unions

U.S Depository Institutions List of United States Depository Institutions, Credit Unions, Guide Service

"ACH (Automated Clearing House)" - Depository Glossary Terms and Abbreviations

A nationwide system for electronically processing large volumes of credit and debit transactions. An example of a credit would be a direct deposit payroll payment. An example of a debit would be a mortgage loan payment automatically paid monthly from a checking account.

Depository glossary and terms by letter

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