The verdict is in: checks are out. Cash and checks used to be the norm for paychecks, birthdays, and more. But in our digital age, the electronic transfer of funds is now a necessity.
When it comes to digital payments, there are two main players: ACH transfers and wire transfers. While both are ways to send money electronically, they’re very different processes. Let’s review the differences between the two, so you can find the electronic transfer solution that works best for your business.