Gone are the days of rushing to your bank to make sure you can deposit or cash your paper check. Now, it can all be electronically transferred instantaneously. So what are these magical wire ...

The automated clearing house is just one part of a complex system meant to speed up payments between domestic financial institutions and bank accounts.

Ramp explains the Automated Clearing House network, including payments and how they work, who uses the network, and why it's an essential part of modern banking.