What’s an ACH transfer?

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An ACH transfer is an electronic fund transfer through the U.S. Automated Clearing House Network. The ACH network is used by U.S. companies and individuals to process transactions such as direct debits, direct deposits, electronic checks (eChecks), and electronic funds transfers (EFT).

This network transfers funds electronically between banks, and indirectly, between businesses, their employees, and consumers. It is mainly used by American businesses to process payroll payments to their employees. Many consumers also use ACH to make recurring payments to businesses. Even if a company does not use the ACH network for payroll, most U.S. companies are able to access the ACH network to make business payments. 

ACH transfers typically take one business day to reach the recipient’s bank account. However, there are some cases where they may take up to three business days to complete.

ACH transfers are also safe. Transactions processed through ACH are protected by a variety of security measures, including encryption and authentication. Additionally, as all transactions are processed through the ACH network, they're subject to strict federal regulations and oversight.

Keep in mind that your Higlobe receiving account can only be used to receive ACH transfers.

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