Growing fast. Going strong.

2023 Volume and Value

Third Quarter

Ongoing adoption of Same Day ACH and the continued increase in business-to-business (B2B) payments led the ACH Network to robust results in the third quarter of 2023. Total third quarter volume on the ACH Network was 7.8 billion payments, up 3% from the same time last year and 4.6% per processing day. 

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Time is money.

Governments, businesses and people have embraced the ease and speed of Same Day ACH, leading to sharp growth over the past five years.

The most important payments increasingly rely on ACH.

From payroll to Social Security, tax refunds to retirement distributions, the ACH Network transferred more than 8 billion Direct Deposits in 2022.

More and more bills are paid with ACH.

This category also includes all consumer purchases and account-to-account transfers, including internet payments—the fastest growing payment channel among consumers.

As the web grows, so does the ACH Network.

As more and more payments are made online, internet transactions have become the ACH Network’s fastest growing segment.

Directly connecting people and money.

More and more people are relying on the ACH Network to provide a seamless way to transfer money between each other.

Helping business get done.

Companies of all sizes have long relied on the rock-solid ACH Network to receive payments and pay vendors/suppliers, leading to strong year-over-year growth.

Payments beyond borders.

In a globalized economy, payment networks must keep pace.

A healthy ACH Network makes payment processing less painful.