|
ACH
The Automated Clearing House
(ACH) Network is an electronic payments network used by individuals, businesses,
financial institutions and government organizations. The ACH began, in
1972, as a system operated by the Federal Reserve Banks at the request
of members of local ACH associations. ACH electronic payments provide better
cash management capabilities and lower costs than traditional paper payments.
The ACH Network now supports electronic payments throughout all 50 states,
the US territories and Canada. Efforts are currently underway for the development
of a worldwide ACH Network, the Worldwide Automated Transaction Clearing
House (WATCH).
An electronic check or ACH
direct bank transfer is a bank transfer from your US checking account to
another US checking account. You will have to void a valid check from your
checkbook and copy the Routing number, the checking account number and
the Check number to an electronic check. ACH electronic payments are restricted
to US checking account holders. ACH should not be mistaken with Bank Wire,
which works a little different and usually involves bank fees to be paid
from both parties, while the use of ACH usually is free of charge.
The following online casinos accept ACH payment
|
