In today’s economy, electronic funds transfers are essential. We need quick and easy ways to pay bills, receive payments, and manage our money. Enter the Automated Clearing House (ACH) network, a primary system for electronic payments in the United States.
Within the ACH network, there are two main types of transfers: ACH credit and ACH debit. ACH is known for being a secure and reliable way to move money electronically, but it’s important to know the difference between these two types of transfers.
This article provides a detailed comparison of ACH credit vs debit transfers. We’ll explore how they work, their advantages, and the situations where each is most useful.