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What's the reason to use a wire transfer compared to ACH?
by nnd 9y ago
What's the reason to use a wire transfer compared to ACH?
- cynwoody 9y agoA wire takes place in real time, whereas an ACH goes into a batch which is cleared later, like a paper check. If you want the funds transferred instantly and with certainty, use a wire and pay the fee for the real-time service. If not, use an ACH (cheap or free). But be aware the funds won't show up for a day or two. And possibly never, if, for example, the sender's account has insufficient funds or doesn't exist.