The Automated Clearing House, or ACH, network is nationwide. It links financial institutions to help facilitate the transfer of funds into and out of bank accounts. Your business may accept ACH payments to improve the efficiency of processing payments and avoid the fees involved with other forms of payment.

By using ACH, you may be able to avoid a delay in accessing funds from credit and debit card transactions, and you will avoid the inconvenience of check payments. Immediate access to funds will improve your business' cash flow, and ACH payments may also help you save on transaction fees.

Talk with your financial institution about the kinds of ACH services it offers by using the national ACH network. You can also use ACH for payroll deposits or deposits of dividends or annuity payments, mortgage payments, payment of bills, dues, and fees, and to pay Federal and state taxes owed.