Difference Between EFT Item and ACH Item?

Answered by:

Question:

Is there any difference between and EFT item and an ACH item?

Answer:

I cannot tell the the context of your question, but in general, an ACH item is an EFT item, but an EFT item is not necessarly an ACH item. An EFT item would include other sorts of transfers that are not processed through an ACH system.

First published on BankersOnline.com 2/25/13