OnlineCheckWriter.com- powered by Zil Money is a financial technology company, not a bank or an FDIC member. OnlineCheckWriter.com offers banking services through partnership with FDIC member banks Silicon Valley Bank and Texas National Bank.
The most simple explanation for the working of ACH payment is that it helps in moving funds through automatic clearinghouses, and hence it takes no time to travel and reach the other account. Unlike different deposits, which will take a couple of banking days to reach the accounts, an ACH payment way is much faster in function.
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