An ACH transfer is the electronic movement of money between banks through the Automated Clearing House network, one of the biggest U.S. payment systems. These transfers are commonly used for person-to-person payments, bill payments, and direct deposits from employers and government benefit programs. Many transfer providers — like Paypal, Zelle, and Venmo — also use the ACH network.
Wunder uses ACH bank transfers to withdraw your investment principal and seamlessly deposit monthly returns. Unlike the real-time processing of wire transfers, delivery of these ACH transfers can take several business days. It may take a couple of additional days for the transaction to be posted on your bank account statement -- the exact amount of time will depend on your specific bank.