ACH vs. Wire Transfer: Must-Know Money Tips

ach vs wire transfer

ACH and wire transfer are terms used to describe different ways of sending money electronically. Both are widely used, but ACH is more common when individuals are paying bills, receiving paychecks or sending money to other individuals. ACH transfers are less costly, and also easier to reverse in the event of an error. When sending money internationally or transferring large sums, however, wire transfers are often preferred. Ask a financial advisor how you can move money…

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