When you make an online deposit with ACH, you approve the ACH network to transfer funds to the casino. ACH deposits are bank-to-bank transfers between yourself and the casino, with the clearing house acting as a middleman. Because it must be processed and cleared by the ACH network, this kind of payment can take a little longer than bank or wire transfers. However, it’s usually only an extra day or two, and you get the added benefit of higher security.
Other benefits of using ACH include convenience and availability. Gone are the days when cashing physical checks and suffering lengthy processing times was the norm. ACH allows you to deposit with an eCheck and have it cleared within a couple of days, saving both processing and travel time. The ACH network launched in 1972, so you can depend on its 50 years of experience.
We could go on and on about the benefits of ACH, but we’ve spared you the rambling and popped both the positives and the pitfalls of ACH payments in the table below.