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TL;DR Nearly 93% of Americans receive payments through directdeposit; Automated Clearing House makes it simpler for employers to manage funds without handing out physical checks or dealing with pesky extra fees. Many small businesses choose ACHoperators because they are more convenient than most directdeposits.
“Ever notice your paycheck takes days to clear ?” Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network.
ACH stands for Automated Clearing House, a network that handles electronic payments and transfers. So, what is an ACHdeposit? ACHdirectdeposits are common. Understanding the ACHdeposit meaning is important because it’s a fast, secure, and cost-effective way to transfer money.
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