ACH Keeps Transit Running

ACH Transit

ACH Can Help Transit

American consumers and businesses make tens of billions of payments directly from their bank accounts each year using ACH. Most transit agencies operate on tight budgets, and with COVID-19 causing huge drops in ridership (and fare collections), every dollar counts more than ever. ACH can help. When passengers load funds to their fare accounts from their bank accounts using ACH, the associated costs to your agency are generally less than with other types of payments.

ACH Can Lower Costs

With ACH, businesses – including transit companies – can lower overall costs vs. other payment types.

What is ACH?

ACH transactions include:

  • ACH Credit: An ACH transfer where funds are pushed into a bank account. The best example is used for payroll  – Direct Deposit.
  • ACH Debit: An ACH transfer where funds are pulled from a bank account. For example, when an individual sets up a recurring monthly payment for a mortgage or utility bill – or transit bill. 

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Benefit of Recurring ACH

The return rate for recurring ACH is less than 0.5%. Other payment methods can experience return rates of more than 5%.