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What is ACH network?

24 Jun 2022 By PAYCEC

The ACH network exists as a financial hub and helps people and companies move money from one bank account to another.

There are various ACH networks around the world. ACH networks mainly operate in:

Country System
 Albania AECH
 Argentina COELSA (Compensadora Electrónica)
 Australia Bulk Electronic Clearing System (BECS)
 Austria Payment Services Austria GmbH (PSA)
 Bahamas Bahamas Automated Clearing House (BACH)
 Bangladesh Bangladesh Automated Clearing House (BACH)
 Belgium Centre for Exchange and Clearing (CEC)
 Brazil CIP-SILOC
 Bulgaria BISERA
 Canada Retail System, known formally as the Automated Clearing Settlement System (ACSS), run by Payments Canada
 Cayman Islands Cayman Islands Automated Clearing House
 Chile Centro de Compensación Automatizado (CCA)
 China China National Advanced Payment System (CNAPS) Bulk Electronic Payment System (BEPS)
 Colombia ACH-Colombia and
CENIT
 Costa Rica SINPE (Spanish: Sistema Nacional de Pagos Electrónicos; National System of Electronic Payments)
 Croatia Financial Agency (FINA)
 the Czech Republic CERTIS (Czech Express Real Time Interbank Gross Settlement System)
 Denmark Eurogiro and
Nets Group
 Egypt EG-ACH
 Ethiopia EthSwitch
 Europe a pan-European automated clearing house for the Single Euro Payments Area, STEP2
 France STET
 Germany Deutsche Bundesbank
 Greece DIAS Interbanking Systems
 Hungary InterGIRO2 GIRO Zrt
 Hong Kong Interbank Clearing Limited
 India National Automated Clearing House and
National Electronic Funds Transfer
 Iran PAYA system (Paayaa, پایا)
 Israel Masav
 Italy Banca d'Italia,
Nexi and
SIA
 Japan Zengin (banking)
 Latvia Latvijas Banka
 Mexico SICAM (Sistema de Camaras)
 Morocco GSIMT (The Moroccan Interbank Remote Clearing System)
 Moldova National Bank of Moldova
 Netherlands/ Germany/ Italy equensWorldline
 Nigeria Nigeria Automated Clearing System (NACS)
 Norway Norwegian Interbank Clearing System (NICS)
 Pakistan National Institutional Facilitation Technologies (NIFT) ACH
 Philippines PesoNet
 Poland Krajowa Izba Rozliczeniowa (KIR)
 Portugal Sociedade Interbancária de Serviços (SIBS)
 Peru Camara de Compensacion Electronica (CCE)
 Republic of Macedonia Clearing House KIBS AD Skopje (KIBS)
 Romania TransFonD SENT ACH
 Saudi Arabia SARIE with both RTGS and ACH
 Singapore eGIRO which is part of Singapore Automated Clearing House
 Slovenia Bankart
 South Africa BankservAfrica
 South Korea HOFINET
 Spain Iberpay
 Sweden Bankgirocentralen BGC AB
  Switzerland Swiss Interbank Clearing
 Taiwan Taiwan Clearing House
 Ukraine National Bank of Ukraine's System of Electronic Payments
 United Kingdom Bacs Payment Schemes Limited
 United States Federal Reserve Bank's FedACH and
The Clearing House's Electronic Payments Network, underpinned by NACHA's ACH Network
 Venezuela Cámera de Compensación Electrónica (CCE)

There are a variety of benefits to this hassle-free payment method:

  • Cost savings.
  • Easy to manage.
  • Speed and efficiency.
  • Convenience and accuracy.
  • Lower costs and improved cash flow.
  • Security and fraud protection.

Have other questions?

If you need further assistance or answer, please don't hesitate to contact us.

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