ACH

ACH stands for Automated Clearing House. It is the U.S. financial network run by NACHA for making electronic payments and money transfers. You can experience faster ACH processing on Zil and other benefits for your business checking account.

ACH transfers are electronic bank-to-bank payments in the United States that go through the ACH network (Automated Clearing House). Funds move from one bank to another with the help of a centralized system that directs funds to their destination. The National Automated Clearing House Association (NACHA) controls ACH transfers. With our recurring ACH facility on Zil, you can make regular payments to your payees or collect payments from clients before due dates.

Typically an ACH transfer is delivered and settled in one to two business days. Zil, an official member of NACHA, offers customers the same business-day ACH transactions on its platform.

The main difference between ACH and wire transfer is that wire transfer can only push money. At the same time, ACH is used to both push and pull money. ACH typically takes longer to credit than a wire transfer, which transfers bigger sums of money. Wire transfer has a higher transaction fees percentage than ACH. According to your business deal and cash flow needs, pay & get paid in your way by ACH, direct deposit, printable check, or international wire transfer on Zil.