Debit Card, ODFI and Zelle

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

Stax

JUNE 27, 2024

Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer. ACH is also the technology behind most peer-to-peer money transfer services in the US, including Paypal, Zelle, Cash App, and Venmo. This is the first step for both debits and credits.

Wire Transfer

Wire Transfer Wires Wire ACH

What is an ACH Deposit and How Does It Work?

Stax

APRIL 23, 2024

While some direct deposit apps, such as Zelle, Venmo, and PayPal charge their users for same-day transactions and deposits, the Automated Clearing House eliminates the middleman and encourages ease in banking. Most ACH deposits are completed within 1-3 business days.

ACH

ACH Direct Deposit ACH Network Wire Transfer

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

What is an ACH Deposit and How Does It Work?

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