Re:Standard Treasury (YC S13) Aims To Make Software That Eat...
by GeneralMayhem on Tuesday July 09, 2013 @02:52PM
(#6014483)
Wire transfers are directly from one bank to another, and will go through same-day. ACH is like writing a check, but saves you having to handle the physical paper. It still goes through all the same automated batch processing as a check, so it takes a few days to clear.
What's the difference between a wire transfer and ACH transfer? (Chase charges me about $19 for every outgoing/incoming wire transfer by the way).