are processed through the Automated Clearing House (ACH) System.

Question

Quizplus · Accepted Answer

Check-like electronic images can be processed through the Automated Clearing House (ACH) System. This system allows for electronic funds transfers between banks and is commonly used for direct deposit and bill payments. Drafts and floats can also be processed through the ACH system, but wire transfers typically bypass the system and are processed directly between banks.

Are Processed Through the Automated Clearing House (ACH) System