Transcript: ACH is an acronym for Automated Clearing House, also known as e-check, which is a fancy phrase for the electronic transfer of monetary value from bank account to bank account.
ACH is everywhere – from your gym membership auto payment, to direct deposit for payroll.
If you’re an educational facility, you might be initiating ACH payment to freelance instructors, vendors and suppliers – your payment method that isn’t a paper check or a credit card – is most likely ACH
With ACH, you have the ability to pull payment from your customers bank account for tuition on a one time or recurring basis. ACH is awesome, cheaper, quicker and safer than a traditional check