Wire Transfer vs ACH: What's the Difference?
Both wire transfers and ACH are methods of electronically moving money between bank accounts, but they work differently and are suited for different purposes.
ACH Transfers
ACH (Automated Clearing House) transfers are processed in batches through the ACH network. They are:
- Slower: Takes 1-3 business days
- Cheaper: Usually free or low-cost
- Reversible: Can be reversed in case of errors
- Best for: Payroll, bill payments, regular transfers
Wire Transfers
Wire transfers are direct bank-to-bank transfers processed individually. They are:
- Faster: Same-day, often within hours
- More expensive: $15-50 per transfer
- Irreversible: Cannot be recalled once sent
- Best for: Large purchases, time-sensitive payments, international transfers
Comparison Table
| Feature | ACH | Wire Transfer |
|---|---|---|
| Speed | 1-3 days | Same day |
| Cost | Free - $3 | $15 - $50 |
| Reversible | Yes | No |
| International | Limited | Yes |
Which Routing Number Do I Use?
In most cases, you use the same ABA routing number for both ACH and domestic wire transfers. However, some large banks have separate routing numbers for wire transfers. Always verify with your bank if you're unsure.
Search our database to find the correct routing number for your bank.