Difference Between Wire Transfer And Ach. Ach payments and wire transfers differences. Automated clearing house ach and wire transfers are used to move money between banks.
Ach is done through batch processing whereas wire transfers are done real time. A good example of this is employee payroll checks. In other words the only difference between an eft and an ach transfer is the degree of specificity.
Wire transfers are the faster alternative to ach transfers.
Ach is a cheaper transaction than wire transfers. Wire transfers cut out the middleman and send the money directly to the account requested. There are several differences between wire transfers using fedwire and ach transfers. Wire transfer is a direct transfer between bank accounts while ach is processed through an automated clearinghouse.