Type: noun
Pronunciation: /ay-see-aitch-trans-fer/
Also spelled or known as: ACH Payment
Plural: ACH Transfers
Related: ACH
What does ACH Transfer mean? A payment sent electronically through the Automated Clearing House network.
ACH transfers are commonly used for recurring royalty distributions and business transactions.
ACH Transfer synonyms: ACH Transfer, Electronic Bank Payment, Direct Bank Transfer
Example sentence: “The songwriter received an ACH transfer from the publisher.”
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