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What is an ACH transfer and how to receive one?

Understanding ACH transfers and how to receive via ACH.

Updated over 2 months ago

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.

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.

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