Worldwide.
Built on 75 years of trust.
Our Members can engage in net settlements with companies across the world with our process which has been serving the airline industry for most of its existence. Transform your interline billing relationships into the world-class system you need to succeed with Net Settlement by ACH.
Transaction Billings Eligible for Settlement
Passenger
UATP
Airfreight
Non-Transport
How It Works
Submit Amounts
Participants submit invoices against ACH or IATA Clearing House Participants into the e-invoicing platform, SIS.
Net Debtors Deposit
Net Debtors deposit their net balance due into their US Bank demand deposit account.
Net Creditors Receive
Creditors receive their net balance due in their US Bank demand deposit account.
Frequently Asked Questions
We are a non-US owned airline. Can we join ACH?
Yes, provided you have a (1) Designator Code, and an Accounting and/or Prefix Code, (2) an Agreement with an ACH or ICH Participant that allows for settlement through the Clearing House, and (3) open a bank account at U.S. Bank for use in ACH Settlements.
We aren’t an airline. Can we join ACH?
Yes, provided you have an Agreement with an ACH or ICH Participant that allows for settlement through the Clearing House and open a bank account at U.S. Bank for use in ACH Settlements.
Why am I required to open a bank account with U.S. Bank?
ACH has a long standing principle of facilitating the Settlements by performing as Agent only. ACH does not have, nor want, access to the Settlement Funds. Our partner, U.S. Bank, has the technology to conduct the Settlements while allowing you to maintain control of your Settlement Funds.
What currencies can I settle in?
Settlements between two ACH Participants are conducted in CAD, EUR, GBP and USD. The billing party decides what currency they want to generate an invoice in and be paid in. Settlements between an ACH Participant and an ICH Participant are only conducted in USD.
Eligibility
1. Airline participants must have an airline designator and accounting/prefix code
2. All participants must participate in one of the following:
• A4A Interline Traffic Agreement – Passenger
• Universal Air Travel Plan Participation Agreement
• A bilateral interline agreement with an airline, ACH participant, or ICH participant
• IATA Multilateral Interline Traffic Agreement
Fees
| Fee | Airline | Non-Airline |
|---|---|---|
| Application Fee (Non-Refundable) | $1,000 | $1,000 |
| Participation Deposit (Refundable) | $10,000 | $10,000 |
| Membership Fee (Monthly) | $225 | $225 |
| Annual Fee (Applicable if over $1M in receivables cleared through Clearing House) | N/A | Contact ACH@Airlines.org |
How to Join
Complete and return the Application
Execute and return the ACH Agreement
Establish a demand deposit account with U.S. Bank.
Join SIS