ACH transfer is a payment made over the ACH (Automated Clearing House) network between bank accounts.
ACH transfer is commonly used for things like direct deposit or auto bill pay, and by businesses for online, business-to-business (B2B), and direct debit transactions.
To make payments to Credit Key Anywhere merchants, we use the following ACH type:
- Direct Deposit via ACH (or ACH credit): used to deposit funds into an account.
In order to make payments via ACH transfer, the beneficiary bank's account and routing number are needed.
Please note that an ACH routing and account number (paper/electronic) may be different from wiring bank details depending on your banking institution.
Important: Payments made via ACH direct deposit take 2-3 business days to be processed and received, and these payments cannot be expedited 💸