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What does ACH stand for? ACH stands for the Automated Clearing House. The Automated Clearing House is the electronic system responsible for moving funds between bank accounts within the United States. When a transaction moves between bank accounts, it’s considered an ACH transfer and this transfer can both credit ... Read more
Have you seen the acronym ACH before? You know it has something to do with payments, and you’ve asked yourself, “What does that actually mean?” It’s not so much what it means, but rather what ACH stands for… ACH stands for the Automated Clearing House. The Automated Clearing House ... Read more
Coming September 2016, speedier bank transfers will begin to become a reality. To understand the potential impacts of this new development in the ACH network, we’re doing a three-part series looking at how different parties stand to benefit from the implementation of same day bank transfers. In this post, ... Read more
We mention the acronym ACH quite a bit on the Dwolla blog: ACH payments, ACH Payouts, and API for ACH. But I realize that this term may not be crystal clear for those who don’t deal in payments on a daily basis. We’re taking a step back to break ... Read more
Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.