ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?
Stax
JUNE 27, 2024
Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations. For domestic wire transfers, the bank uses Fedwire (Federal Reserve Wire Network) or CHIPS (Clearing House Interbank Payments System). Sending money to an internally linked account may have higher limits.
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