Learn how ACH Payments work. The ACH network will process over $40 trillion dollars this year.

1. ACH Payments
Are they efficient?
by: John Scianna
International Transfers Done Right!

2. Sending a check or an ACH payment is this
easy...
for the user.

3. However, the process may
not be so easy.

4. Bob sending a check to his
Mortgage Lender or authorization
to use ACH payments is only the
first step.
Bob Mortgage Lender

5. Next is where the process
can get confusing.
Considering the information
flows two ways.

6. The first information flow
starts with Bob authorizing
the ACH Payment.

7. Bob authorizes ACH payments
Step 1
Step 2 Step 5
Mortgage
Lender
ML’s Bank
Bob
Bob’s BankACH Operator
Step 3 Step 4
Payment
Details
Bank checks for
sufficient funds
ACH Entry ACH Entry

8. If Bob’s account has sufficient
funds, his bank will debit his
account, starting the information
to flow the other way.

9. ML updates Bob’s account
Step 10
Step 9 Step 6
Mortgage
Lender
ML’s Bank
Bob
Bob’s BankACH Operator
Step 8 Step 7
Account
credit
Bob’s
account is
debited
Bank debits
ACH operator
ACH operator
debits bank

10. The whole process ends up
looking like this.

11. ML updates Bob’s account
Mortgage
Lender
ML’s Bank
Bob
Bob’s BankACH Operator
Account
credit
Bob’s
account is
debited
Bank debits
ACH operator
ACH operator
debits bank
Bob authorizes ACH payments
Bank checks for
sufficient funds
Payment
Details
ACH EntryACH Entry

12. Sometimes the mortgage
lender can be your bank
reducing the number of
parties involved.

13. Given the number of different
institutions taking part in one
transaction, the banking
system can be quite
inefficient.

14. Considering ACH payments
are only used for domestic
transactions, imagine the
complexity of international
payments.

15. Don’t worry, we make that
simple.

16. Use CoinPip now for
international payments and
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17. International Transfers Done Right!
angel.co/coinpip founders@coinpip.com
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