How to Pay Your Bill with ACH Transfer

keyboard button with ACH

Did you know that you can make ACH payments to ABE?

ACH stands for Automated Clearing House, a U.S. financial network used for electronic payments and money transfers. Also known as “direct payments,” ACH transfers are one of the main ways to send or receive money online, without using paper checks, credit card networks, wire transfers, or cash.

ACH payments are a type of Electronic Funds Transfer and are a popular alternative to paper check and credit card payments for many businesses. Because they are electronic, they are faster and more reliable than checks, leading to automated and more streamlined accounting.

Types of ACH transfers

There are two types of ACH payments, ACH debit and ACH credit transactions.

With an ACH debit transaction, money is “pulled” from an account. If you set up a recurring bill payment, such as your ABE payment, the company you’re paying can pull what it’s owed from your account each month.
With an ACH credit transaction, you “push” money online to accounts at different banks.

For an overview on how to make ACH payments to ABE, we’ve provided a step-by-step guide. Please don’t hesitate to reach out to our accounting department if you have questions!

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Types of ACH transfers