what is the acronym for ach
ACH is an acronym for Automated Clearing House. The 'automation' refers to the handling of the transactions by computers as opposed to humans. The ACH is used as an alternative to physical (paper) checks and other labor-intensive and labor-intensive money transfers.In the United States, most banks use ACH files that are formed in a standard format.he ACH is used as an alternative to physical (paper) checks and other labor-intensive and labor-intensive money transfers. In the United States, most banks use ACH files that are formed in a standard format.