The question “What is ACH transfer” makes a lot of people confused because it seems strange to them when transferring money. ACH transfers have become popular these days. ACH transfers have more than 29 billion transactions and $72 trillion in payments in 2021. In fact, several businesses and customers don’t fully understand ACH transfers. In this article by DNBC’s experts, we’ll explain more about ACH transfer, 2 types of ACH transfers, and instruct some basic steps on how to set up an ACH transfer in a business account.