Binance, Exchanges

What Is ACH in Binance Us?

The ACH is an automated clearing house that is used to process electronic payments. This type of system is used by banks and other financial institutions to clear transactions between parties.

When you make a transaction using your bank account, the ACH is used to process the payment and clear the funds between the two parties.

Binance US uses the ACH system to process transactions between its customers and US-based banks. When you make a deposit or withdrawal from your Binance US account, the ACH is used to process the transaction and clear the funds between your bank and Binance US.

The ACH system is a reliable way to process payments and it is typically faster than other methods such as wire transfers. However, there are some limitations with using the ACH system.

For example, transfers made with the ACH system can take up to five business days to clear. Additionally, there is a limit of $10,000 per transaction that can be processed with the ACH system.

If you need to make a larger transaction or if you need your funds to be available immediately, you may want to consider using a different method such as wire transfer. However, for most transactions, the ACH system is a safe and efficient way to send and receive payments.

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