Number of Transactions Initiated by ACH

Part
01
of one
Part
01

Number of Transactions Initiated by ACH

Research successfully found the percentages of transactions that are initiated by Automated Clearing House (ACH) annually. ACH accounts for 90% of the total electronic payments in the US and 83% of US businesses use ACH when making payments, internet-initiated transactions make up 27% of all ACH transactions volume. A detailed breakdown of percentages of ACH transactions is presented below.

2017 ACH TRANSACTIONS

  • A total volume of 3.3 billion ACH transactions were made between business-to-business (B2B) marking a 5.6% increase from volumes in 2016.
  • A total of 5.2 billion transactions were internet-initiated, resulting in a 13.1% increase from 2016's volume.
  • Up to 97 million ACH transactions happened between person-to-person (P2P) marking a 23.3% increase from the previous year's volumes.
  • A total of 75 million Same Day ACH transactions were completed resulting to a 478% increase compared to 2016 transactions.
  • For the last three years, the volume of ACH transactions has maintained an increase of at least one billion every year.

2018 ACH TRANSACTIONS

  • Out of the total, 13.4 billion transactions were debits with a total value of $17.8 trillion, which is a 6.9% increase compared to 2017.
  • A total of 9.5 billion transactions were credits valued at $33.4 trillion, which is a 9.5% increase compared to 2017.
  • Up to 3.6 billion ACH transactions were made between business-to-business (B2B) marking a 9.4% increase from the previous year.
  • Statistics show that 6.8 billion transactions were direct deposits, which is a 4.4% increase from 2017 transactions.
  • At least 5.9 billion transactions were internet-initiated, marking a 14.2% increase from transactions initiated in 2017.
  • The report shows 128.7 million transactions were between person-to-person (P2P) marking a 32.2% increase from transactions in 2017.
  • Out of all the Same Day ACH transactions, 76.7 million were debits and they amounted to $$60.7 billion which is a 137% increase from the previous year's volume.
  • Out of the total Same Day ACH transactions, 98.3 million were credits and they totaled $99.2 billion translating to 83% increase from transactions completed in 2017.
  • Internet-initiated transactions account for 27% of total ACH transactions volume.

Percentage ACH transactions based on SEC code (2017)


RESEARCH STRATEGY

In order to provide an analysis detailing the percentages of transactions that are initiated by ACH annually in the US, the research team consulted the National Automated Clearing House Association (NACHA) website for ACH statistics. On the website, we found the desired statistics for year 2017 and 2018. Additionally, we consulted industry publications for more insight and press releases. Ultimately, the research yielded satisfactory results and we were able to get a breakdown of percentages of ACH transactions.
Sources
Sources

Quotes
  • "The ACH, or Automated Clearing House, network is the primary way money moves electronically, with more than $40 trillion moved in nearly 23 billion electronic financial transactions annually."
Quotes
  • "According to a 2017 survey of finance professionals, ACH transactions make up 32 percent of B2B payments, an increase from 22 percent in 2014. The survey, which was conducted by NACHA and the Credit Research Foundation (CRF), also found that paper check B2B payments declined from 63 percent in 2014 to 50 percent in 2017. By 2020, ACH will account for 45 percent of B2B payments while checks are expected to only account for 34 percent."
Quotes
  • "VOLUME HAS INCREASED BY AT LEAST 1B EVERY YEAR FOR THE LAST 4 YEARS VALUE HAS INCREASED BY AT LEAST $1T EVERY YEAR FOR THE LAST 6 YEARS"
Quotes
  • "In July, NACHA announced that debit and credit transactions totaled more than 5.7 billion in the second quarter of 2018 alone, a 6.2 percent increase from the second quarter of last year."