BACK TO LIST

GLOSSARY

ACH payment

Share

ACH payment definition

ACH payments are processed through the local ACH network in the United States, requiring a local bank account or the use of local payment providers. This method allows financial institutions to transfer funds electronically, bypassing traditional card networks like Visa and Mastercard. ACH is widely used for direct deposits, bill payments, and other bank-to-bank transfers within the United States.

The benefits of using ACH payments

The main advantage of this local payment route is the low-cost way of transferring funds. ACH payments are often almost free, whereas for e.g. SWIFT transfers, banks usually charge transfer or recipient fees.

ACH payment: Good to know for SMEs

ACH is a great option for SMEs as it offers a cheaper and faster alternative for international payments. ACH leverages local payment networks to reduce fees and simplify tracking, offering a more cost-effective and efficient alternative to traditional international transfers. Unlike SWIFT payments, which typically involve transfer or recipient fees, ACH payments are often nearly free.

Send and Receive USD with amnis

With amnis, you can send and receive USD through either ACH for local transactions or SWIFT for cross-border payments. You receive a virtual, domestic US account number in your company’s name for local USD collections, enabling you to process payments via local payment rails. For USD transfers outside the US, SWIFT payments are available.

Explore related topics

ACH
BACK TO LIST

About amnis

amnis offers a comprehensive platform for international banking, offering a range of tools in one place. Transfer money abroad, exchange currencies 24/7 and collect international money transfer with your own IBAN accounts supporting  20+ currencies. Founded in 2014 in Zurich, amnis is a regulated payment institution under the supervision of the Banking Supervision Section in Liechtenstein (FMA) within the EEA.

Cookie Consent with Real Cookie Banner