If you are looking for a comprehensive overview of as a whole, 1. What is ACH?
: The individual or business that starts the transaction (e.g., an employer setting up payroll).
: The central clearing facility (typically the Federal Reserve or The Clearing House ) that sorts and distributes transaction batches.
: The bank that receives the transaction and posts it to the recipient's account.
The is a centralized electronic network in the United States used by banks and credit unions to process batches of financial transactions. It serves as a more efficient and secure alternative to paper checks and wire transfers for many types of domestic payments. 2. Core Components of the ACH Network