Mayyazip — Ach

: Money is "pushed" from the payer's account to the receiver (e.g., direct deposit paychecks or tax refunds).

: The bank that receives the transaction and posts it to the recipient's account.

The is a centralized electronic network in the United States used by banks and credit unions to process batches of financial transactions. It serves as a more efficient and secure alternative to paper checks and wire transfers for many types of domestic payments. 2. Core Components of the ACH Network