Ach vs Bankwire what's the difference

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  • frostno98
    SBR Hall of Famer
    • 09-11-07
    • 9769

    #1
    Ach vs Bankwire what's the difference
    I notice that more books are offering bankwire over Ach transfer nowadays. So what is the difference between the two?

    The last ACH I did the fee was a fix amount for $30 dollars and it arrived less than 5 days, so it wasn't that bad. Bankwire on the other hand I have never done before. So are bankwire any good for transaction under 3k without getting killed by fees and do the process takes long?
  • Cyclone
    SBR High Roller
    • 07-20-06
    • 141

    #2
    I think I have paid $50 for an international wire. Sometimes the book will reimburse you for the fee. The form you have to fill out can be complicated. It can take a week for the money to go through.
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