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  2. Automated clearing house - Wikipedia

    en.wikipedia.org/wiki/Automated_Clearing_House

    The ACH operator informs the destinator's bank of the transaction details. When transaction arrives in the destination bank, the bank executes the transaction: such as crediting the payment to the beneficiary, while the ordering customer's bank debits the ordering customer's account.

  3. ACH Transfers: Everything You Need To Know - AOL

    www.aol.com/finance/ach-transfers-everything...

    Here’s how the money moves from your employer into your bank account: You provide your bank account information to your employer. Your employer sends an electronic payment file to its bank.

  4. Electronic funds transfer - Wikipedia

    en.wikipedia.org/wiki/Electronic_funds_transfer

    Electronic funds transfer (EFT) is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems. The funds transfer process generally consists of a series of electronic messages sent between financial institutions directing each to make the debit ...

  5. What's the Fastest Way to Transfer Money From One Bank to ...

    www.aol.com/lifestyle/whats-fastest-way-transfer...

    PayPal: With PayPal, you can send money between users and transfer funds to and from bank accounts by linking a bank account or debit card. While PayPal itself is free for standard bank transfers ...

  6. How To Make Instant Money Transfers With Routing and Account ...

    www.aol.com/instant-money-transfers-routing...

    For example, you can schedule an ACH transfer directly through your bank or a payment app like Wise, as long as you know the registered name of the person you’re sending to and some of their ...

  7. Direct deposit - Wikipedia

    en.wikipedia.org/wiki/Direct_deposit

    A direct deposit (or direct credit), in banking, is a deposit of money by a payer directly into a payee's bank account.Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment of bills, taxes, and other government charges.

  8. ACH Network - Wikipedia

    en.wikipedia.org/wiki/ACH_Network

    In the United States, the ACH Network is the national automated clearing house (ACH) for electronic funds transfers established in the 1960s and 1970s. It is a financial utility owned by US banks, and is one of the largest payments networks in the United States, both by volume and by customer reach; virtually every bank account in the US, whether personal or commercial, is connected to the ...

  9. ACH vs. Wire Transfer: Must-Know Money Tips - AOL

    www.aol.com/news/ach-vs-wire-transfer-must...

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