Isn’t ACH slow though? I have personally used ACH to transfer between personal bank accounts and it usually takes 2-3 days for each transaction to complete. Al

Isn’t ACH slow though? I have personally used ACH to transfer between personal bank accounts and it usually takes 2-3 days for each transaction to complete. Also a 1% transaction fee for something that takes 2-3 days to process seems very high. Companies already have a business checking account, why can’t I use that account to process the ACH transactions? If US banks got their head out of their ass they could leverage their existing ACH infrastructure and include it as a low cost way to process transactions (static fee of a few cents).