^ h h, however, interest rates are still significantly lower than in November 2015, when an average of 2.62 PC. International Bank Transfers are often called global ACH. However, in fact, the actual term ACH, which means the Automated Clearing House network, is the term for electronic funds transfers only in the United States and Canada. But, functionality, international bank transfers are analogous to ACH. Last year, labour market economist John Philpott found that more than one in five workers, around 7.1 million people, were in precarious employment, up from 5.3 million in 2006.