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07-07-2024, 12:23 AM #1
- Join Date
- Jul 2024
- Posts
- 13
ACH vs. Wire Transfer - Which is better?
I noticed many people use ACH and Wire Transfers interchangeably as they both solve the same situation.
My question is the following: Which is faster?
I couldn't care less about anything else other than speed. What makes it a complicated comparison is that there only one type of Wire transfer. Its just plain old wire transfer.
With ACH, there's ACH & Same-Day ACH (usually costing extra)
The question here is this:
Is Wire Transfer faster than Regular ACH? Is it faster than same-Day ACH?
Or is Wire Transfer faster than Regular ACH but Same-Day ACH is faster than all, including wires?
Sorry for the confusing explanation, im barely grasping it myself
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07-07-2024, 11:56 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,981
NACHA Information
https://www.nacha.org/resource-landi...esource-center
MCA Brokers generally do not qualify for same day ACH
ACH Debit Info
https://www.checktraining.com/fcfDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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