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ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire

Stax

SEPTEMBER 17, 2024

TL;DR ACH is cost-effective and ideal for recurring payments, with transfer times ranging from 1-3 business days. Choose ACH for routine, lower-cost transactions; use wire transfers for high-value or urgent payments. Choose ACH for routine, lower-cost transactions; use wire transfers for high-value or urgent payments.

Wire Transfer

Wire Transfer Wire Wires ACH

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

Stax

JUNE 27, 2024

Generally speaking, ACH payments are best suited for routine, smaller transactions, whereas wire transfers are preferred for urgent, high-value transfers. ACH Payment Wire Transfer Speed of transactions Typically takes 1-3 days for the receiving bank to receive the funds Within a day for a domestic wire transfer.

Wire Transfer

Wire Transfer Wire Wires ACH

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ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire

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

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