ACH Entry, ACH Network and IRS

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

Stax

JUNE 27, 2024

ODFI submits ACH file – The originator’s bank or payment processor, also known as the originating depository financial institution (ODFI) submits the ACH entry containing the payment details. Government payments – You can use ACH to pay individual and business taxes to the IRS.

Wire Transfer

Wire Transfer Wires Wire ACH

ACH SEC Codes

Payment Savvy

NOVEMBER 10, 2022

Before diving deeper into SEC codes, let’s take a minute to better understand ACH transactions – if you’ve already worked with ACH transactions and have an idea about what is involved in them, you can skip this section and go straight to SEC codes. ACH Payments vs. Other Payment Methods.

SEC Codes

SEC Codes ACH ODFI Wire Transfer

Payments Space

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

ACH SEC Codes

Webinars

Stay Connected