ACH, FedNow & RTP

Bank-to-bank payments with fast settlement

Stop paying card-network fees on every transaction. Pay by Bank uses ACH, FedNow, and RTP rails to move money directly between bank accounts — lower fees than cards, faster settlement on the instant rails, and no chargebacks. NACHA-aligned and Reg E-aware.

Why US businesses choose Pay by Bank

Direct bank transfers powered by ACH, FedNow, and RTP. Lower costs, faster settlement, stronger security.

Cut your processing fees

Card processing typically runs 2.5–3.5% plus per-transaction fees. ACH, FedNow, and RTP cost a fraction of that. For high-volume billers the savings add up fast.

Fast settlement

FedNow and RTP settle in seconds, 24/7/365. ACH is slower but still beats card settlement timing on most processor agreements. No more waiting days for funds.

Customers trust their bank

Customers prefer paying directly from their checking account over sharing card details with another vendor. That trust lifts conversion on bigger-ticket payments.

Bank-grade authentication

Customers authenticate with their own bank's MFA. No card data on your systems. Reg E governs consumer protections, and we route through partners that handle the dispute framework cleanly.

Major US banks supported

Connects to thousands of US banks and credit unions through our bank-payments partners — Chase, Bank of America, Wells Fargo, Citi, US Bank, PNC, and most regional banks and credit unions.

No chargebacks

Bank-authorized push payments can't be charged back the way card payments can. ACH has its own dispute window under Reg E, but the chargeback fraud you see on cards effectively disappears.

Secure bank payments in four steps

1

Create a payment request

Your team generates the request and sends it to the customer by email or SMS. Setup takes minutes through our portal or API.

2

Customer picks their bank

The customer clicks the link and selects their bank from the list. We hand off to their bank's authentication flow.

3

Customer authenticates with their bank

The customer logs into their bank using their existing credentials, sees the payment request, and confirms it. No card details, no shared secrets.

4

Bank-to-bank transfer completes

Payment routes via ACH, FedNow, or RTP depending on what the customer's bank supports. Both parties get real-time confirmation. Funds settle without the card-network middlemen.

Who uses Pay by Bank?

ACH, FedNow, and RTP suit any US business that wants lower processing fees, no chargebacks, and faster settlement.

E-commerce

Online retailers offer Pay by Bank at checkout as a lower-cost, higher-trust alternative to cards. Settlement is faster on FedNow/RTP rails and there are no chargebacks.

  • Lower checkout processing fees
  • Faster settlement to your account
  • No chargebacks

Professional services

Law firms, accountants, and consultants collect invoice payments via secure bank links. No card handling, no PCI scope, and clients pay from their own banking app.

  • Invoice payment links via email
  • No PCI compliance burden
  • Direct bank-to-bank settlement

Property and rentals

Landlords and property managers collect rent, deposits, and HOA fees via direct bank transfer with instant confirmation. Predictable, traceable, and final.

  • Rent and deposit collection
  • Instant confirmation on FedNow/RTP
  • Unique reference per transaction

High-volume billers

Utilities, telecoms, and subscription businesses cut processing costs significantly by routing customers to Pay by Bank instead of cards. Savings scale with volume.

  • Significant savings vs card fees
  • Bank-grade authentication
  • Real-time reconciliation data

Common questions

What is Pay by Bank in the US?
Pay by Bank is account-to-account payment that uses ACH, FedNow, or RTP rails to move money straight from a customer's checking account to yours. The customer authenticates with their own bank, no card details change hands, and there's no chargeback the way you'd see on a card.
How much can I save vs card payments?
Card processing on a typical SaaS or e-commerce stack runs around 2.5–3.5% plus a per-transaction fee. ACH and instant-payment rails cost a fraction of that — often a flat fee in the cents-to-dollars range per transaction. For a business processing $50,000 a month, the annual savings are usually five figures.
Which US banks are supported?
Thousands of US banks and credit unions through our bank-payment partners — including Chase, Bank of America, Wells Fargo, Citi, US Bank, PNC, Capital One, plus most regional banks and credit unions.
Is Pay by Bank secure?
Yes. Customers authenticate with their own bank's MFA — no card numbers, no CVVs, no sensitive data flowing through your systems. Bank-payment partners are FDIC-aware and routed through licensed money-movement infrastructure.
How does this differ from Open Banking in Europe?
Open Banking is a UK/EU regulatory framework. In the US, the equivalent functionality is delivered through ACH (the long-standing batch rail), FedNow (the Federal Reserve's instant rail launched in 2023), and RTP (The Clearing House's instant rail). The customer experience is similar — pick your bank, authenticate, confirm — but the underlying rails and rules are different.
Can I use Pay by Bank alongside cards?
Yes. Pay by Bank works alongside your existing card channels. Offer it as an additional option to give customers more choice and bring your blended processing cost down.
How quickly can I get set up?
Setup is straightforward via our API. Most US businesses are up and running within a day.
Are there ACH dispute risks under Reg E?
ACH has a dispute framework under Regulation E that's different from card chargebacks — narrower in scope and tied to specific consumer protections. We route through partners that handle the Reg E dispute mechanics cleanly, and instant-rail payments (FedNow, RTP) are push payments, which sit outside that framework entirely.

Ready to cut your card processing costs?

See Pay by Bank in action. Book a demo and we'll calculate your potential savings. Or talk to our New York team on +1 628 295 2250.