ACH Payments
ACH is a direct
fund transfer from your bank account to your casino account. Available
to holders of U.S. bank accounts only.
The Automated
Clearing House (ACH) Network is an electronic payments network used by
individuals, businesses, financial institutions and government organizations.
The ACH began, in 1972, as a system operated by the Federal Reserve Banks
at the request of members of local ACH associations. ACH electronic payments
provide better cash management capabilities and lower costs than traditional
paper payments. The ACH Network now supports electronic payments throughout
all 50 states, the US territories and Canada. Efforts are currently underway
for the development of a worldwide ACH Network, the Worldwide Automated
Transaction Clearing House (WATCH).
An electronic
check or ACH direct bank transfer is a bank transfer from your US checking
account to another US checking account. You will have to void a valid check
from your checkbook and copy the Routing number, the checking account number
and the Check number to an electronic check. ACH electronic payments are
restricted to US checking account holders. ACH should not be mistaken with
Bank Wire, which works a little different and usually involves bank fees
to be paid from both parties, while the use of ACH usually is free of charge.
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