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ACH vs. Wire Transfers: Which Is Right for You?

Nanonets

It affects six major aspects: Speed - Wire transfers typically provide instant settlement, often occurring on the same business day. In contrast, ACH transactions may take 3 to 4 business days to settle due to the need for batching and clearance processes, which introduce delays in fund transfers.

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Why FedNow Will Slow Real-Time Payments

PYMNTS

Same-Day ACH , launched in September of 2017, makes emergency payroll possible — not instantly, but within the same business day. For the dwindling numbers of people who still receive a physical paycheck, new applications let workers take a picture of that check and get instant, irrevocable access to the funds for a modest fee.