It’s important to note that “EFT payments” is often used when talking about ACH equivalents outside of the United States, such as SEPA in Europe. However, in this case, EFT is the category (fruit) and ACH is the item (apple, orange etc.) along with other items like wire transfers and debit card transactions. Talking about the difference between ACH and EFT makes them sound like two items that belong to an overarching category, in the same way that apples and oranges both belong to the category of fruits. EFT and ACH Payments: The Difference Explained The main difference between ACT and EFT is that ACH describes electronic funds transfers that are processed through the Automated Clearing House Network in the United States, while EFT describes any kind of electronic payment made around the world. What’s the Difference Between ACH and EFT?ĪCH and EFT are two terms that are often used in the payments industry, but a lack of definitions can make it hard to distinguish between the two.
