The Automated Clearing House (ACH) system is an electronic network used to process a variety of financial transactions, including bill payments and direct deposit of paychecks in the US. If there is a problem with an ACH payment, it may be possible to stop or reverse it, unlike wire transfers which are typically not reversible. Read more about ACH transactions here: https://www.salt.pe/blog/can-a-bank-pull-back-an-ach-payment Watch this video: https://www.youtube.com/watch?v=czIwdW9Cm3A Salt is a fintech startup based out of Bangalore, helping businesses thrive in the international market with effortless international payments and the compliances. Read more about Salt here: https://www.salt.pe

1. How to make an
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ACH Transaction

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The name and routing number of the bank where the money is being
transferred from (the "originating" bank)
The name and the account number associated with the account from
which the money is being transferred
The name and routing a number of the bank where the money is being
transferred (the "beneficiary" bank)
The name and account number associated with the account to which
the money is being transferred to
Step 1
Gather the necessary information.

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You'll need to contact your bank to initiate an ACH transaction and
provide them with the above information.
Some banks may allow you to initiate an ACH transaction through their
online banking platform, while others may require you to visit a branch
or talk with one of their representatives over the phone.
Step 2
Contact your Bank.

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Your bank will need your authorisation to make the ACH transaction.
This can typically be done by signing a form or providing written
authorisation via email or fax.
Step 3
Provide the authorisation.

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ACH transactions typically take one to two business days to process.
During this time, the money will be transferred from the originating
bank to the beneficiary bank.
Step 4
Wait for the transaction to process.

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Once the transaction has been processed, it's a good idea to confirm
that the money has been transferred to the correct account. You can
check your bank statement or log into your online banking account to
view your account activity.
Making an ACH transaction is a simple and convenient way to transfer
money electronically between bank accounts. Following the steps
outlined above, you can quickly and easily initiate an ACH transaction
with your bank.
Step 5
Confirm the transaction.

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Making an ACH transaction is a simple and convenient way to process
electronic payments. A financial institution or other authorized entity
must create a batch of transactions to make an ACH transaction.
Conclusion

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