ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire
Stax
SEPTEMBER 17, 2024
ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). This means only the sender can initiate a wire transfer.
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