07-23-2023-1350 - real-time gross settlement (RTGS) (DRAFT)

ACH payments contrast with real-time gross settlement (RTGS) payments which are processed immediately by the central RTGS system and not subject to any waiting period on a one-to-one basis. ACH systems are typically used for low-value, non-urgent transactions while RTGS systems are typically used for high-value, urgent transactions.^[6]

^{https://en.wikipedia.org/wiki/Automated_clearing_house}