These differences make each type of transfer more appropriate for different purposes. Key takeaways ACH transfers and wire transfers are both types of electronic funds transfers (EFTs).

While multiple options exist, understanding the differences between ACH, wire transfers, and other electronic payments helps businesses make informed financial decisions.

Unlike wire transfers, which settle instantly but come with high fees, ACH transactions are batch-processed, making them more affordable for high-volume, routine business transactions.

What is an ACH payment? How it works, process, and costs By Fiona LeeStacker Updated March 12, 2025 8:42 AM ...