Talk:ACH Network

message: I don't understand the issue with the 60 and 90 day overlap. --Gbleem 22:13, 3 May 2007 (UTC)
thread_title:  60 day - 90 day overlap 

message: "EPN and the Reserve Banks rely on each other for the processing of some transactions in which either the Originating Depository Financial Institution (ODFI) or Receiving Depository Financial Institution (RDFI) is not their customer. These interoperator transactions are settled by the Reserve Banks." I don't understand these two sentences. --Gbleem 22:13, 3 May 2007 (UTC)
thread_title:  Who does what for whom? 

message: Reg E doesn't deal with ACH transactions, only POS/EFT transactions; transactions that are originating with a card.  State your source or an example.  —The preceding unsigned comment was added by Flavious27 (talk • contribs). 
:: Reg E Sec. 205.3 indicates the coverage including Point-of-Sale transfer without specifying means of the POS, direct deposit or withdrawal, and transfers initiated by telephone. 
:Heres how the bank responded: —Preceding unsigned comment added by Mkfarnam (talk • contribs) 17:37, 26 September 2007 (UTC)
thread_title:  Reg E 

message: How about a subsection on ACH transfers vs. wire transfers?  
Yes, I agree.  From the two wikipedia posts I gather the difference is ACH is scheduled and batch, whereas wire is a single transaction requiring id and authorization each time.  Is this correct?
:Yes. Unimaginative Username (talk) 02:21, 1 March 2011 (UTC)
replies: text: Yes. Although my bank recently notified me that they will start charging fees for electronic transfers to other institutions, such as an online bank. Sorry I don't have time to properly source and add these edits. Unimaginative Username (talk) 02:21, 1 March 2011 (UTC)

text: Quick clarification.  According to NACHA's 2013 Fee Schedule, ACH operators pay an annual fee of $144 and a per-entry fee of $0.000145. There is a cost to the bank, albeit minimal. Jay Wiser (talk) 15:45, 15 April 2013 (UTC)
thread_title:  How about a subsection on ACH transfers vs. wire transfers? 

message: One of the most important features of a payment system is the amount of time it takes transactions to clear.  When a business collects payment via ACH, how fast do the funds hit their account?Cadwallader (talk) 02:50, 9 September 2010 (UTC)
replies: text: Everybody knows that an ACH can take anywhere from 1-5 business days. The interesting question is why does it take so long? The protocol described here sounds similar to sending e-mail with SMTP, which usually takes only a few seconds. But the way the article is written, it isn't clear whether the transactions are sent over a computer network like the Internet, or whether they have to be put on punched cards and fed to mainframes, or transmitted over an acoustic-coupling modem "network". 75.186.5.185 (talk) 13:21, 2 June 2011 (UTC)
thread_title:  Need to Discuss Clearing Times 

message: This article really muddies the waters when it comes to the distinction between the technical vs. social aspects of the ACH system. Some paragraphs, like the one quoted below, make it sound like ACH could be conducted on paper directly between people:
Once authorization is acquired, the Originator then creates an ACH entry to be given to an Originating Depository Financial Institution (ODFI), which can be any financial institution that does ACH origination. This ACH entry is then sent to an ACH Operator that passes it on to the Receiving Depository Financial Institution (RDFI), where the Receiver's account is issued either a debit or credit.
Imagine how hard the article on [HTTP] would be to understand if it was written that way:
  ...the Web user first prepares a GET or POST request, then gives the request to the Web page author's Internet Service Provider (ISP), who then retrieves a page for them and sends it back in the HTTP response...
75.186.5.185 (talk) 13:47, 2 June 2011 (UTC)
thread_title:  Technological vs. Social aspects. 

message: Please specify the fees that users must pay for fund transfers made through this network. Also, please clearly state that this is a network for USA-residents only, thus, is NOT a PayPal or something similar. Mazarin07 (talk) 12:18, 26 December 2013 (UTC)
thread_title:  Eligibility and fees 

message: Is it possible to perform ACH transfers between US and Canadian entities or accounts?
Many (or most, or all) Canadian banks seem to have operations of one sort or another in the US, and if so would that make it possible for US customers to make ACH payments (as opposed to paper checks or wire transfers) in US dollars to Canadian vendors?  — Preceding unsigned comment added by 76.10.130.47 (talk) 19:00, 13 March 2014 (UTC)
thread_title:  ACH transactions between US and Canada? 

message: Specifically this statement "Businesses increasingly use ACH online to have customers pay, rather than via credit or debit cards.[citation needed]",  I definitely find this to not be particularly true.   Unfortunately I have no basis for this claim beyond the fact that no online business is going to exclude credit/debit POP sales for ACH only payments.  This line particularly feels as if it is suggesting that businesses who accept payment online are dismissing card payments in lieu of this.    What I believe they are referring to is particularly the ability to add ACH as a recurrent payment method for many businesses allowing for account direct ACH debits,  although this allowable method of payment does not exclude card payments in any businesses where I find I can do this (T-Mobile, AT&T,  Humana Insurance I can verify allow such but still allow card usage).  I feel that this should definitely be changed to reflect that it is not a replacement but rather an addition to the mainstay credit card method of payment.   75.76.55.49 (talk) 15:46, 28 February 2015 (UTC)
replies: text: Source on this content contains information about it being more popular than paper checks, doesn't mention popularity in relation to credit or debit cards. Agree that this statement has no source and is unfounded. RealityRipple (talk) 01:02, 26 July 2018 (UTC)
thread_title:  ACH increasing over use of Credit Cards 

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*Added archive https://web.archive.org/web/20121028164914/http://www.ach.com:80/ACH-Glossary.aspx to http://www.ach.com/ACH-Glossary.aspx
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thread_title:  External links modified