ACH (Automated Clearing House) is an electronic network used by financial institutions to process transactions. ACH is used for a variety of payments, including direct deposit of payroll and government benefits, mortgage and utility bill payments, and e-commerce payments.
Binance is a cryptocurrency exchange that allows users to trade digital currencies. Binance offers a variety of services, including a platform for trading digital assets, a wallet for storing them, and a payment processing service. Binance also offers an ACH payment option for U.
ACH payments on Binance are processed through the ACH network. When you make an ACH payment on Binance, your bank account is debited and the funds are transferred to Binance.
The transaction is then settled through the ACH network.
The ACH network is a safe and efficient way to process payments. It is typically used for larger transactions, such as payroll direct deposit or mortgage payments.
ACH payments on Binance are processed quickly and securely.