What is the difference between a wire transfer and an ACH transfer?
Wire transfers are typically faster and involve the direct movement of funds between banks. ACH (Automated Clearing House) transfers are electronic transfers within a country that often take a bit longer but may have lower fees.
Can I transfer money internationally to any bank?
Yes, international money transfers can generally be made to banks worldwide. However, it's essential to provide accurate recipient details and be aware of any restrictions or regulations that may apply to specific countries.
How long does it take for a bank transfer to be completed?
The processing time for bank transfers varies. Domestic transfers within the same country usually take a day or two, while international transfers may take several business days. Some online transfers can be instantaneous.