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The Top 50 originating financial institutions handled 30.7 billion automated clearing house payments in 2025, up 4.7% from 2024, and accounted for 91.4% of the ACH Network’s total commercial payments volume, down from for 93.8% in 2024, according to Nacha, the rules-setting organization for the ACH network.
The Top 50 financial institutions receiving ACH payments handled 23 billion transactions in 2025, an increase of 6.4% from 2024. The Top 50 receiving institutions accounted for 65.1% of total volume on the ACH Network, inclusive of payments received from the federal government, Nacha says.
Nacha ranks the Top 50 ACH originators and receivers annually.
Among originators, Wells Fargo & Co. led the pack, sending 8.7 billion payments through the ACH network in 2025, a 0.5% increase from a year earlier. J.P. Morgan Chase & Co. was the second-largest originator, with 6.7 billion payments, up 6.4%, followed by Bank of America Corp. with 3.4 billion transactions, up 4%.
Citigroup Inc. and Capital One Financial Corp., rounded out the top five originators, sending 1.4 and 1.3 billion transactions, respectively. Capital One’s origination volume increased 9.3% in 2025, the largest percentage increase among the Top 10 originators.
The order of the Top 10 originators in 2025 remained the same as in 2024, Nacha adds.
Bank of America topped the list of the financial institutions receiving payments through the ACH, accepting 4 billion payments in 2025, a 5.8% increase from 2024. JP Morgan was a close second, receiving 3.8 billion through the ACH network, up 6.4%, followed by Wells Fargo, which received 3 billion payments, up 6%. PNC Financial Services Group and U.S. Bancorp rounded out the Top 5 receiving institutions, accepting 1.1 billion and 998.9 million payments, respectively.
The lone change in the order of the Top 10 ACH receiving banks was that Capital One and Truist Financial switched positions, moving between the No. 6 and No. 7 spots, Nacha says.
Growth in ACH payments among the Top 50 financial institutions is being driven by a steady shift toward electronic payments for business and consumer use cases, a Nacha spokesperson says by email.
“Companies are increasingly using ACH for bill payments, supplier payments, and account-to-account transfers because it offers a reliable, cost-effective way to move funds,” the Nacha spokesperson says. “At the same time, ongoing same-day ACH adoption has also expanded the range of use cases, helping financial institutions meet customer expectations for faster settlement while maintaining the scale and reach of the ACH network.”
Nacha also reported 6.9 billion off-network ACH payments in 2025. Off-network transactions are primarily so-called on-us ACH payments for which the originating and receiving financial institutions are the same, and therefore not submitted to an ACH operator.
Including off-network payments, total ACH payment volume was 42.1 billion in 2025, up 4.6% from 2024, Nacha says. Excluding off network payments, 35.2 billion payments totaling $93 trillion in value were made through the ACH in 2025.
