ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire
Stax
SEPTEMBER 17, 2024
Wire transfers are faster but more expensive, suitable for large, one-time, and international transactions. Choose ACH for routine, lower-cost transactions; use wire transfers for high-value or urgent payments. ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit.
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