ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire
Stax
SEPTEMBER 17, 2024
To initiate a wire transfer, the sending bank sends a message with the payment instructions to the recipient’s bank via a secure wire transfer network, such as Fedwire or the Society for Worldwide Interbank Financial Telecommunication (SWIFT). This includes real estate down payments and Mergers & Acquisition (M&A) transactions.
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