Remove Bank Routing Number Remove Business Day Remove ODFI
article thumbnail

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

Stax

Additionally, ACH payments are processed in batches and take a few business days (though they’re usually cheaper), whereas wire transfers are processed individually and can be completed within the same day. Generally, the typical processing time for debits is one business day and up to two business days for credits.