Automated Clearing House System (ACH)

The Automated Clearing House system (ACH) was launched in October 2016 as a safe payment system that aims to provide banks, with retail payment services that facilitate and accelerate the execution of numerous, yet, low-value debit and credit money transfers, enhancing the efficiency of the financial ecosystem in Jordan.

 

One System to Streamline All Business Operations

Credit

Credit transfers from one member to another, where transfers include

1. Payments of credit card bills
2. Regular payments
3. Salary payments
4. Retirement payments
5. IPO membership fees in addition to others
Debit

Debit transfers, which are divided into the following

1. Direct mandatory debit transfers
2. Direct debit transfers
3. Pre-mandated debit transfers
4. Cancelling debit and credit transfers by the sending member
5. Returning debit and credit transfers
6. Reverse transfers
messages

Non-financial messages, which include

1. Query messages about current liquidation balance
2. Query messages about the status of a file/payment/transfer
3. Messages requesting the change of the limit of debit
4. Messages to monitor transfers
5. Circular messages issued by the Central Bank of Jordan to the members

ACH in Numbers

0
1.05
M
Total Number of Transactions
0
1.03
M
Number of Jordanian Dinar (JOD) Transactions
0
794.00
M
Value of Jordanian Dinar (JOD) Transactions

Last updated: 1/11/2023