Ach Transfer Vs Wire Transfer. Although wire transfers are significantly faster than ach transfers the speedy service also comes at a higher price. Some payments may qualify for same day transfer.
Costs of transfer when it comes to the costs of electronic transfers wires are generally more expensive. Ach transfer transactions are more secure and can be reversed when sent to the wrong account. In almost all cases a wire transfer will be completed on the same business day.
Ach transfers generally take between 2 and 3 business days.
Wire money home today. If you have received a wire transfer before you must have noticed that both banks charged a fee sending and receiving fee. This is something to keep in mind when you travel outside the country. In almost all cases a wire transfer will be completed on the same business day.