IT Examiner School, Providence, RI

ACH - NACHA

The National Automated Clearing House Association (NACHA)  was formed in 1974 to coordinate the ACH movement  nationwide. 

Direct deposit of wages was the initial focus of ACH  transactions.  

NACHA still develops and maintains the industry’s ACH  Operating Rules. 

ACH Transactions

ACH transactions can be either debit or credit payments.   Common examples of ACH transactions include: 

Direct Deposit of payroll, government, and Social  Security benefits.

Mortgage and bill payments.

Online banking payments.

Person‐to‐person (P2P) and business‐to‐business (B2B) payments.