ACH Transfer Wire Transfer

ACH (Automated Clearing House) transfers funds electronically between banks within the same country, typically for domestic transactions, offering a cost-effective and slower transfer option. Wire transfers, on the other hand, involve the immediate movement of funds between banks, often internationally, with higher fees but faster processing times, making them ideal for urgent transactions. Both methods facilitate electronic fund transfers, each with its own speed, cost, and suitability for different financial needs.