No, an ACH (Automated Clearing House) transfer is not a physical check. While it's sometimes referred to as an "e-check," it's a digital payment method. It facilitates electronic funds transfers between banks or financial institutions through the ACH network. Think of it as a digital version of a payment, rather than a physical paper check.
Here's a breakdown:
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Paper Check: A physical document instructing a bank to pay a specific amount to a person or entity.
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ACH Transfer (E-Check): An electronic transfer of funds directly between bank accounts via the ACH network. No paper check is involved.
In essence, an ACH transfer serves the same purpose as a check—transferring money—but the method is entirely different: electronic versus paper.
