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Both Automated Clearing House (ACH) transfers and wire transfers are forms of electronic fund transfers (EFTs), but there are a few key differences between them.
A wire transfer can be done for many of the same transfers as an ACH. That includes bill payments, person-to-person transfers—and especially international transfers, which cannot be done via ACH.
With wire transfers and ACH transfers, the receiver needs to accept the payment for it to deposit, while other EFTs automatically deposit into the receiver’s bank account. ACH vs. wire transfers ...
How ACH vs wire transfers work With an ACH transfer, you initiate a payment through your bank or payment processor, and the ACH network processes it in batches, usually once or twice a day ...
There are two ways you can choose to transfer that money -- ACH or wire transfer. Here, we'll break down each of these methods, helping you determine which may best meet your needs.
A wire transfer is another electronic funds transfer, but it's more direct than an ACH transfer. Instead of passing through a network, funds are moved between financial institutions—usually ...