Can An ACH Payment Be Reversed? The Rules

Can An ACH Payment Be Reversed? The Rules

Can An ACH Payment Be Reversed? Out of the many forms of payment, the ACH network is a secure and efficient way to make payments. Account-holders can stop or reverse an automated clearing house payment if they encounter any issues, unlike wire transfers which are...
ACH vs. Wire Transfer: Which Is More Secure?  

ACH vs. Wire Transfer: Which Is More Secure?  

ACH transfers are typically safer than wire transfers. With ACH, funds are reversible in fraud or payment error cases, and the criteria banks use to determine these reversals will vary according to each institution’s policies (though typically, it would depend on how...
The Difference Between ACH Payments and Wire Transfers

The Difference Between ACH Payments and Wire Transfers

As a small business owner, you have many options to send and receive payments, including electronic funds transfers (EFTs). In this article, we’ll discuss two electronic methods of payment that appear similar at face-value: ACH payments and wire transfers. Though both are EFTs, they function differently. By knowing how each works, you can better use these EFTs to your benefit.