List of Banks That Accept ACH Transfer

Advertisements

Do you want to make an ACH Transfer? If yes then you have come to the right place. Before making an ACH Transfer it is important for you to understand the banks that accept it.

In this post, we have mentioned some details about the ACH Transfer along with the list of banks that accept it.

What is ACH Transfer?

When you make an ACH transfer, you’re instructing your bank to send money from your account to another account. The funds typically arrive within one to two business days, although the timing can vary depending on the bank. ACH transfers are often used to pay bills or to send or receive money between individuals.

Unlike a wire transfer, there’s no need to specify a delivery date, and the fees are usually lower. To make an ACH transfer, you’ll need the recipient’s bank routing number and account number. You’ll also need to provide your own account information so the bank knows where to send the money from.

List of Banks That Accept ACH Transfer:

Following is a list of banks that accept ACH transfers. Let’s have a look:

  1. Bank of America
  2. BankPlus (MS)
  3. Bank of the Cascades
  4. Union Bank & Trust (WI) – Person
  5. BB&T
  6. Chase
  7. Capital One
  8. Citi
  9. Citizens Bank
  10. Fidelity
  11. Denison State Bank
  12. Charles Schwab
  13. Bangor Savings Bank
  14. Beneficial Bank – Personal
  15. Gate City Bank – Personal
  16. Golden Plains Credit Union
  17. GoBank
  18. Huntington Bank
  19. HR Block Emerald Card
  20. Dubuque Bank and Trust

ACH transfers are a convenient way to send or receive money, but it’s important to make sure that the bank you’re using accepts them. Some banks may not offer this service, so it’s always best to check beforehand. The list of banks above are all major financial institutions that offer ACH services, so you should have no trouble finding one that meets your needs.

What Are The Benefits of ACH Transfers?

There are several benefits of using ACH transfers:

They’re fast:

The funds typically arrive within one to two business days, although the timing can vary depending on the bank.

They’re convenient:

ACH transfers are often used to pay bills or to send or receive money between individuals. Unlike a wire transfer, there’s no need to specify a delivery date, and the fees are usually lower.

They’re secure:

To make an ACH transfer, you’ll need the recipient’s bank routing number and account number. You’ll also need to provide your own account information so the bank knows where to send the money from. This makes it difficult for someone to fraudulently access your account and steal your money.

What Are The Disadvantages of ACH Transfers?

There are a few potential disadvantages of using ACH transfers:

They can take a few days to process: While the funds typically arrive within one to two business days, there may be some delays depending on the bank. This can be frustrating if you need access to the money right away.

There may be fees:

Some banks may charge a fee for making an ACH transfer. These fees are usually lower than those associated with wire transfers, but it’s important to check with your bank beforehand.

Your bank may not offer them:

Not all banks offer ACH transfer services. If your bank doesn’t offer this service, you’ll need to find one that does.

Now that you know more about ACH transfers, you can decide if this is the right option for you. If you need to send or receive money quickly and conveniently, then an ACH transfer may be a good choice. Just make sure to check with your bank beforehand to see if they offer this service and to understand any associated fees.

Leave a Comment