Acronyms have become a part of our everyday life. We LOL while texting with friends. We pull our money out of the ATM. We trade our pokémon over the GTS. These shorthand abbreviations are acronyms, words or a group of letters that substitute for a group of words. With Who’s that Acronym? I pick an acronym that you may, or may not, have seen before, and explain what it stands for, what it is and where we may encounter it in the wild.
For the first acronym of 2018, we take a look at ACH. ACH stands for Automated Clearing House. It is basically the most popular method of transferring money electronically between companies and people. It is most commonly compared to an electronic check. Most of my money uses ACH for paying my bills, loans, retirement and even my groceries. ACH is something that we may encounter as part of our daily lives and may never even know it’s there nor what it does.