02 Mar What’s the Difference between ACH and Wire Transfers?
In today's digital economy, many people prefer to receive employment compensation through direct deposit. They also find it more convenient to pay bills and send money electronically rather than using checks. This form of electronic fund transfer is called an automated clearing house (ACH) transaction. Another form of electronic fund transfer is the wire transfer. Although the end result is the same, there are differences between the two, mainly in the cost and time of delivery....