3 ms·
A wire transfer is not the same as an ACH transfer. I can send you money for free via ACH, but it takes a few days to clear. A wire transfer is a realtime tran
by phamilton 6y ago
A wire transfer is not the same as an ACH transfer. I can send you money for free via ACH, but it takes a few days to clear.
A wire transfer is a realtime transfer between banks. The only time I've used it was while buying a house. I've never done a wire transfer under $20k.
- wwtrv 6y agoWell in the EU we have SEPA transfwr which are ussually free and close to instant between an increaskng number of banks.
- nly 6y agoThe standard in the UK is "Faster Payments" for domestic transfers and are near instant up to £10K ($14K). For higher amounts you can use BACs (the automatic fallback for FP) which is typically next day. All free