I need to know which method of payment transfer is faster, ACH or wire transfer. I want to send money but I'm not sure which option would be the quickest way to do it.
7 answers
KimonoSerenity
Thu Dec 19 2024
In contrast, ACH payments can take several days to clear, as they rely on batch processing.
AzrilTaufani
Thu Dec 19 2024
Despite their speed, wire transfers are typically more expensive than ACH payments.
FireflySoul
Thu Dec 19 2024
This is due to the additional fees charged by banks and financial institutions for facilitating wire transfers.
Andrea
Thu Dec 19 2024
Wire transfer speeds are generally faster than those of ACH payments.
BonsaiLife
Thu Dec 19 2024
ACH payments, on the other hand, are generally less expensive and may even be free for some customers.