Transaction initiation: A business (payer) authorizes an ACH payment by providing its bank with details such as the payee's account number and routing number. Batch processing: ACH payments are ...

ACH network fees for 2019 were $0.000185 per entry and $264 for the annual fee. Pros and Cons of ACH Transfers The ACH network is used for a large portion of fund transfers in the U.S.

Automated clearing house governing body NACHA reported Tuesday that a third daily processing window for ACH transactions will be delayed by six months. The window, a component of NACHA’s years-long, ...