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

Stax

Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations. Here’s a step-by-step breakdown of the entire ACH transfer process: Originator initiates the ACH transfer – The process starts when the originator (individual, business, or bank) initiates the transaction.

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ACH Transfers: How long do they take?

Nanonets

The ACH network then combines each message into a batch that is sent to the bank receiving the request (the receiving depository financial institution, or RDFI). Day 1, 10:00 PM: The processor works in conjunction with your bank (the ODFI) to submit a file to the ACH network. This happens every day at 6 predecided intervals.

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