ACH stands for Automated Clearing House. It is an electronic funds transfer system used in the United States. MEXEM supports U.S. ACH transfers initiated through MEXEM. This means the client can request a transfer from an eligible U.S. bank account to their MEXEM account by creating the ACH instruction from the Client Portal. To set up an ACH instruction, the client will need to provide the U.S. bank’s ABA routing number and bank account number. Each new bank instruction must be verified before it can be used. At this time, MEXEM does not support ACH transfers initiated directly from the client’s bank. ACH deposits may be subject to verification, credit hold periods, withdrawal restrictions and same-name account requirements.
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