Payment Amount and RDFI - Payments Space

ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

OCTOBER 17, 2023

An ACH return occurs when a digital payment transaction can’t be processed. When this happens, the Receiving Depository Financial Institution (RDFI) automatically initiates a return of the funds to the Originating Depository Financial Institution (ODFI). While these terms are often used interchangeably, they differ in a few key ways.

ACH

ACH Returns RDFI ODFI

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

Stax

JUNE 27, 2024

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. International wire transfers can take up to 7-10 days Costs and fees Around 1% of the payment amount. The bank then completes the payment on behalf of the customer.

Wire Transfer

Wire Transfer Wires Wire ACH

Payments Space

ACH Reversals vs. ACH Returns: What’s the Difference?

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

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