The Clearing House’s ACH Network Transaction Volume Increases 6.2%
April 9, 2025
The Clearing House Payments Co. reported transaction volume through its ACH network grew 6.2% in 2024. In 2024, the EPN system processed 20.7 billion transactions worth $56.4 trillion, approximately half of the U.S. ACH commercial volume last year, according to The Clearing House.
Recently, the EPN system processed a record number of transactions on February 14, with a single day transaction volume of over 152.4 million. The EPN network is the industry’s private sector ACH network, helping financial institutions process and settle ACH transactions and providing related services. Year over year, the EPN network continues to grow and reliably processes an average of 82 million transactions daily.
ACH volume has been growing across all user types and use cases. Business-to-business payments increased almost 11.6% year-over-year. Direct deposit volume and person-to-person (P2P) transfers continued a multi-year trend of steady growth. Consumer-initiated payments, such as account-to-account (A2A) transfers and bill payments, also continue to increase as consumers move to faster-payment options and away from paper checks.
“The Clearing House’s EPN network continues its outstanding growth rate,” said Jason Carone, senior vice president of EPN Product Management for The Clearing House. "Consumers and business appreciate the convenience and security provided with electronic payments. We see growth in all our payment networks, particularly with instant payments and same day ACH payments.”
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