GhIPSS - GHANA AUTOMATED CLEARING HOUSE

ACH DIRECT CREDIT

This is a simple, secure and reliable service which enables individuals, large and small organisations to make payments by electronic transfer directly into a bank account. It involves a debit to an account in the sender´s bank and a transfer of the amount of money directly into the beneficiary´s account in another bank.

This Credit Push instrument can be used for Payment of salaries, pensions, welfare benefits, commissions, supplier payments, dividend & refunds, interest payments, government payments, business-to-business payments etc. There are 2 forms of ACH Direct Credit services namely;

  • Normal ACH Direct Credit: Used to DISBURSE funds into bank accounts. This could be single or bulk payments. Clients receive funds the next day after the session ends at 4pm.
  • Express ACH Direct Credit: This is a premium service used to DISBURSE funds into bank accounts between 11am and 12pm. Clients receive funds after the session ends at 2pm on the same day. Banks charge a special rate for this service.

BENEFITS OF ACH DIRECT CREDIT
  • Prompt receipt of Payments.
  • Saves time and effort
  • Safer and more secure
  • Quicker access to funds
  • Allows bulk disbursement of funds
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