ACH
Type: noun, acronym
Pronunciation: /ay-see-aitch/ or /a-c-h/
Also spelled or known as: Automated Clearing House
Plural: ACH Transfers
Related: ACH Payment
What does ACH mean? Automated Clearing House; An electronic banking network used to transfer funds between financial institutions.
The music industry frequently uses ACH transfers for royalty payments, payroll, licensing income, and vendor payments.
ACH synonyms: Automated Clearing House, Electronic Bank Transfer
Example sentence: “The publisher paid royalties through ACH.”
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