Bank Transfers
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Bank Transfers Overview
Our Automated Clearing House service (ACH) is designed to provide banks and their customers with an unparalleled retail payment experience. The ACH simplifies and accelerates the entire process of low-value high-volume debit and credit bank-to-bank transfers, ensuring that payments are executed with ease and speed. This service handles a variety of transactions including payrolls, credit card bills, paying bills with a bank account, and retirement payments, among others.
How it Works
This is applicable for bank-to-bank retail transfers that are less than JOD 100,000.
An individual or entity requests a single or batch direct transfer.
The bank receives the transfer request via ACH
ACH sends transactions to payees’ banks at the next ACH session
Payees’ banks deposit transaction amounts into payees’ accounts