ACH and wire transfer are terms used to describe different ways of sending money electronically. Both are widely used, but ACH is more common when individuals are paying bills, receiving paychecks or ...
All a criminal needs is a bank account number and routing number, and they can steal money from a bank account through something called a fraudulent ACH, or Automatic Clearinghouse House, transfer.
Automated Clearing House, or ACH, payments power billions of transactions every year, yet many people don't fully understand how they work. Whether you're receiving a direct deposit from your employer ...