Cash and checks used to be the norm for payroll, bill payments, and more. But in today’s digital age, the electronic transfer of funds is now a necessity when accepting payments through your online checking account.
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.
In this post, we’ll review ACH vs. wire transfers and their key differences and benefits so you can find the electronic transfer solution that works best for your business.