Growing fast. Going strong.

2023 Volume and Value

Led by strong growth in Same Day ACH and business-to-business (B2B) payments, the ACH Network securely handled 31.5 billion payments valued at $80.1 trillion in 2023. Payment volume for the year was up 4.8% from 2022 while payment value grew 4.4%. 2023 marked the 11th consecutive year in which ACH Network value has increased by more than $1 trillion.

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Time is money.

Governments, businesses and people have embraced the ease and speed of Same Day ACH, leading to sharp growth over the past six years.

The most important payments increasingly rely on ACH.

From payroll to Social Security, tax refunds to retirement distributions, the ACH Network transferred more than 8 billion Direct Deposits in 2023.

More and more bills are paid with ACH.

This category also includes all consumer purchases and account-to-account transfers, including internet payments—the fastest growing payment channel among consumers.

As the web grows, so does the ACH Network.

As more and more payments are made online, internet transactions have become the ACH Network’s fastest growing segment.

Directly connecting people and money.

More and more payments among consumers are relying on the ACH Network to provide a seamless way to transfer money.

Helping business get done.

Companies of all sizes have long relied on the rock-solid ACH Network to receive payments and pay vendors/suppliers, leading to strong year-over-year growth.

Meeting businesses’ faster payments needs.

Large, small and medium-sized businesses need to send and receive payments in a matter of hours. Same Day ACH is meeting these demands, with use-cases including emergency payroll and merchant settlement.

Payments beyond borders.

In a globalized economy, payment networks must keep pace.

A healthy ACH Network makes payment processing less painful.