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What Is an Electronic Check?

Payment Savvy

An eCheck is often referred to as a direct debit, ACH payment, or ACH transfer. With an electronic check, money is electronically transferred from the payer’s checking account to the seller’s checking account, where it is directly deposited after passing through the national ACH network. Bank routing number.

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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

With a history dating back to 1972, ACH transfers are a digital evolution of conventional paper checks, with reduced human input and improved efficiency. They’re mostly used to process direct deposits and payments. Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer.

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ACH vs. EFT Payments: What’s the Difference?

Payment Savvy

What Exactly is an ACH? Depending on your end goal, there are a few different types of ACH. They pretty much break down into ACH payments and ACH transfers, both encompassed within the ACH network. We could also look at a salary check as an example deposited into your bank account.

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