What does ach mean in banking terms?

Answer ACH is short for automated clearing house, which is the system that processes electronic payments by check rapidly. Using electronic checks allows people to minimize the use of paper checks.Source:... Read More »

Top Q&A For: What does ach mean in banking terms

What Is the Difference Between Universal Banking&Merchant Banking?

According to the Financial Web website, merchant banking deals with financial advice for large corporations. Merchant banking practices also involves stock underwriting and long-term company loans.... Read More »

Commercial Banking Vs. Personal Banking?

Personal banking, sometimes called retail banking because of the retail services offered to consumers, differs from commercial banking in a number of ways. Financial products and services available... Read More »

Are 'online banking' and 'net banking' similar to 'fishing using a line(tackle)' and 'fishing using a net'?

Well!!!!!!!SureBut, there exists a difference!!Fishing using a tackle can catch fish while using net may even have a shark! (if lucky!!)

Is Internet banking e-banking?

E-banking is the term used for the management of various financial services through the Internet. Banks, credit unions and lending institutions allow their customers to manage their accounts online... Read More »