ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire
Stax
SEPTEMBER 17, 2024
These financial institutions all follow ACH rules and regulations by the National Automated Clearinghouse Association (Nacha). ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. This means only the sender can initiate a wire transfer.
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