ACH Transfer Steps As an example, if your employer offers to pay you through direct deposit instead of by check. Here’s how the money moves from your employer into your bank account: ...

How ACH vs wire transfers work With an ACH transfer, you initiate a payment through your bank or payment processor, and the ACH network processes it in batches, usually once or twice a day ...

A March 2025 report from the Federal Reserve revealed consumer ACH credit transfers grew 34.7% by number and 25.4% by value each year between 2018 and 2021.

It’s about time we caught up.” Learn why bank transfers can take so long today, and if there is hope for change in the future. [Read: Best Online Banks.] The State of Payments ...