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). Remember, ACH transfers have lower costs and some banks provide free ACH processing.
88 
Let's personalize your content