Datafit 9 Serial Number ⭕
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Datafit 9 Serial Number
The growth in the average value of ACH credit transfers has also been largely attributable to the growth in the number of ACH credit transfers per business. In 2018, the number of ACH credit transfers per business increased by 22.1 percent compared to 2015, rising from 4.62 to 5.62 ( table 2 ). The average value of ACH credit transfers in the number of ACH credit transfers per business increased from $53 in 2015 to $71 in 2018, a 50.6 percent increase.
ACHS, also known as wire transfers, allow businesses to transfer money to another business or an individual by bank. 8 From 2015 to 2018, the average value of ACH debit transfers decreased from $360 to $149 ( table 4 ). Over this same period, the average value of ACH credit transfers increased from $208 to $335 ( table 4 ). This substantial growth in the average value of ACH transfers is largely attributable to the growth in the number of ACH credit transfers. In particular, the number of ACH credit transfers per business increased by 22.1 percent between 2015 and 2018, from 4.62 to 5.62 ( table 2 ).
The growth in the number of ACH credit transfers per business and the subsequent growth in the average value of ACH transfers is partly attributable to improved access to personal checking and savings accounts, which are commonly used to receive ACH transfers, as well as the growth in deposit account activity. The average number of checking accounts per American adult increased from 2.69 to 3.03 between 2012 and 2018, an increase of 17.2 percent ( table 3 ). The average number of savings accounts per American adult rose by 13.0 percent between 2012 and 2018, rising from 1.88 to 2.29 ( table 3 ).