RDFI, Transaction Limits and Wire Transfer

Search:

DAY

WEEK

MONTH

YEAR

Select your country:
Sign up | Log in

RDFI

Transaction Limits

Wire Transfer

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

Stax

JUNE 27, 2024

If you’ve been accepting and using electronic payments in your business, you’ve probably come across two of the most popular terms in the digital payments scene— automated clearing house (ACH) and wire transfer. International wire transfers can take up to 7-10 days Costs and fees Around 1% of the payment amount.

Wire Transfer

Wire Transfer Wire Wires ACH

ACH Transfers: How long do they take?

Nanonets

MARCH 21, 2023

Each transfer is sent as a message within a batch of outgoing requests by the bank making the request (known as the originating depository financial institution, or ODFI). The ACH network then combines each message into a batch that is sent to the bank receiving the request (the receiving depository financial institution, or RDFI).

ACH

ACH RDFI ACH Network ODFI

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

MORE WEBINARS

Payments Space

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

ACH Transfers: How long do they take?

Webinars

Stay Connected