Discover what an ACH transfer is, how it works, and the benefits it offers. An ACH transfer moves money between banks but is different than a wire transfer.

“We’re aware of an industry-wide technical issue impacting some deposits for 11/3,” Lee Henderson, vice president of public affairs and communications at U.S. Bank, told The Hill in a statement.

Examples of ACH direct deposits include salary payments from your employer, tax refund payments from the Federal Reserve or government benefits. What is the difference between direct deposit and ACH?

An ACH transfer is one that uses an Automated Clearing House. Find out what an ACH payment is for and learn how to make or receive one.