Bank Routing Number, IRS and Legal

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

JUNE 27, 2024

You must have the employees’ bank routing numbers, account numbers, and authorization to set up payroll via ACH transfer. Government payments – You can use ACH to pay individual and business taxes to the IRS. Your bank statement will list this payment under “IRS USA Tax Payment” as proof of payment.

Wire Transfer

Wire Transfer Wire Wires ACH

What Is an Electronic Check?

Payment Savvy

NOVEMBER 14, 2022

This type of payment is commonly used for higher-cost items, including mortgage payments, car loan repayments, monthly rent payments, or legal retainers. Bank account details. What’s more, you’re required to submit all the same information that is typically found on a paper check, including: Checking account number.

Checks

Checks Direct Deposit Online and Mobile Banking ACH

Payments Space

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

What Is an Electronic Check?

Webinars

Stay Connected