3 ms·
'a' is fairly common, I believe. It's ubiquitous in Europe (typically no fee), and in the U.S., Bank of America will let you do an ACH transfer to any account i
by _delirium 13y ago
'a' is fairly common, I believe. It's ubiquitous in Europe (typically no fee), and in the U.S., Bank of America will let you do an ACH transfer to any account in the U.S. for $3/transfer. Not sure what other banks' policies are.
- zt 13y ago$3 is a lot. Most banks will do it for 50 cents or less. If you have huge volume (someone like Square or Stripe) you can often get it down to one or two cents.
- melvinmt 13y agoComing from Europe, I'm also used to exclusively using wire transfers for free. Not so much in the US. What's the difference between a wire transfer and ACH transfer? (Chase charges me about $19 for every outgoing/incoming wire transfer by the way).
- GeneralMayhem 13y agoWire transfers are directly from one bank to another, and will go through same-day. ACH is like writing a check, but saves you having to handle the physical paper. It still goes through all the same automated batch processing as a check, so it takes a few days to clear.