ACH (Automated Clearing House) is a solution for online transactions in the United States. It allows customers to transfer money directly from their bank account into their gambling account. ACH is essentially an electronic check system in that it works in a similar way to writing paper checks. Except that these checks are filled in electronically as opposed to on paper. Places that make use of ACH are processed through a third party, such as InstaDebit, Citadel, eCheck or UseMyBank.
The ACH network is governed and regulated by rules set by the NACHA (formerly the National Automated Clearing House Association) and the Federal Reserve.
Deposit and Withdrawing
When making a deposit you will need to provide the casino with certain personal and financial details. You will have to provide your name, address, bank account number and a routing number. If you are ready to make a transfer, you need to visit the cashier section, click on ACH as a transfer option and fill in your details in the form ( check) that is provided. Once the transfer has been made, your funds will be available to you in your account balance within minutes.
There are minimum transfer amounts when using it, as well as maximum daily transfer limits. These are often set by the gaming websites and it is important to be aware of these limits before you choose ACH as a deposit option.
You are also able to make withdrawals and the money will be transferred directly back into your bank account directly. When making a withdrawal, it can take a number of days for the funds to clear.
Why Should I use ACH as a Banking Option?
ACH is simple and familiar in that it is similar to writing out a check, which many people are accustomed to doing. In fact, using it is even simpler than writing a check as it is all done online.
You are not subjected to credit checks in order to be able to use ACH. In addition, you can only use the amount of money that you have in your bank account – this gives you a greater level of control over your funds.
All transactions made are completely secure. The Federal Reserve Banking system is involved in all transfers in or out of check or saving accounts.
As this is an online check, the funds can be processed within minutes, meaning that once you have made a transfer you can access the new funds in your account within minutes.
We Explain the Fees for You
There is no fee charged by banks or other financial institutions. There may be a fee that is charged by the betting site for using this service, but this is not always the case. You should look into whether you will be charged any fees before making transfers.