With the release of Nacha’s Top 50 financial institution ACH originators for 2021, Wells Fargo was confirmed as the top payment originator by volume on the Automated Clearing House (ACH) Network for the tenth consecutive year (historical data provided by Nacha). ACH payments are electronic, bank-to-bank money transfers processed through the ACH Network for consumers, businesses, and federal, state, and local governments.

In 2021, Wells Fargo originated over 7.7 billion ACH payments, which accounts for over 26 percent of the 29.1 billion payments sent across the ACH Network, valued at close to $73 trillion. The overall payment volume on the ACH Network grew 8.8 percent from 2020. “Wells Fargo has led ACH origination for the past decade,” said Jane Larimer, CEO of Nacha. “They have been instrumental in supporting the growth of ACH as a premier payment mechanism.”

“The growth in the ACH Network shows the demand from businesses of all sizes to move towards faster payment methods that help companies maximize working capital and meet the expectations of suppliers, partners, and customers for fast, frictionless payments,” said Paul Camp, head of Global Treasury Management for Wells Fargo. “Our leadership in ACH is a demonstration of how we partner with our clients to meet them where they are in their digital transformations.”

Wells Fargo supports a variety of faster payment methods for commercial and consumer use, including Same Day ACH, real-time payments through the RTP network, Zelle, Push to Card, and the FedNowsm instant payment service from the Federal Reserve which will launch in 2023.

“Wells Fargo invests in technology, operations, and infrastructure to ensure we meet the needs and desires of the communities and clients we support. We are proud that so many businesses and consumers trust us with their money movement,” said Ulrike Guigui, Wells Fargo’s Head of Payments Strategy.

Wells Fargo offers clients a variety of convenient, safe, and reliable methods to originate payments over the ACH Network, including innovative tools like the Wells Fargo Developer Gateway portal which enables clients to easily integrate API solutions into their own systems. “We are firmly committed to ACH technology as part of our faster payments infrastructure and a key driver of payment transformation for our clients,” said Guigui.