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    perators, central clearing facilities through which financial institutions transmit or receive ACH entries.

    The ACH Network functions from begi

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    ACH stands for Automated Clearing House. Since it began operations in the early1970s the ACH Network has been an electronic payments network used by individuals, businesses, financial institutions and government organizations. The network is sometimes referred to as Electronic Funds Transfer (EFT).

    The ACH network is a batch-oriented electronic funds transfer system governed by the NACHA Operating Rules which provide for interbank clearing of electronic payments for participating depository financial institutions.

    The Federal Reserve and Electronic Payments Network Act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH entries.

    The ACH Network functions from begin

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    individuals, businesses, financial institutions and government organizations. The network is sometimes referred to as Electronic Funds Transfer (EFT).

    The ACH network is a batch-oriented electronic funds transfer system governed by the NACHA Operating Rules which provide for interbank clearing of electronic payments for participating depository financial institutions.

    The Federal Reserve and Electronic Payments Network Act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH entries.

    The ACH Network functions from begi

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    ).

    The ACH network is a batch-oriented electronic funds transfer system governed by the NACHA Operating Rules which provide for interbank clearing of electronic payments for participating depository financial institutions.

    The Federal Reserve and Electronic Payments Network Act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH entries.

    The ACH Network functions from begi

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    ng of electronic payments for participating depository financial institutions.

    The Federal Reserve and Electronic Payments Network Act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH entries.

    The ACH Network functions from begi

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    perators, central clearing facilities through which financial institutions transmit or receive ACH entries.

    The ACH Network functions from beginning to end through a series of implied or explicit agreements with all participating Depository Financial Institutions (DFI) which agree to comply with the NACHA Operating Rules. Inherent to this agreement is the DFI's responsibility to assure that its customers follow procedures that complement the safety, soundness, and efficient functioning of the ACH Network.

    Through the ACH Network, funds are electronically credited or debited to a company’s or individual’s deposit account. These deposit accounts include checking, savings, loan and financial institution general ledger accounts.

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