An ACH transfer (Automated Clearing House transfer) is a type of electronic payment used primarily in the United States to move funds between banks and financial institutions. ACH transfers typically take 1-3 business days to settle, though some transfers may be same-day. They generally have lower fees than wire transfers, but are only used for domestic US transactions. Additionally, ACH transfers typically operate through checking accounts, which are structured for transactional purposes.
In some regions, ACH account details may not be available due to restrictions from banking partners. In such cases, customers might use GBP accounts or other available options for transactions.
Receiving with ACH
If you need to receive an ACH transfer, you can use your routing number and account number by clicking on the “Account Details” button on the top right of your screen on the “Accounts tab”. Make sure you select your USD account, then click on ACH. For users in regions where ACH functionality is limited, alternative options include using your GBP account for Wire/FPS transfers or setting up an investment account.