Remove ACH Processing Remove Data Encryption Remove Laws
article thumbnail

ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire

Stax

The sender pays a fee and there’s no law limiting bank fees charged on wire transfers. On top of that, financial institutions have various security measures, such as data encryption, and other strict banking protocols to enhance security. Remember, ACH transfers have lower costs and some banks provide free ACH processing.