Wires and ACH credit transfers are two different ways of sending funds electronically from one bank account to another. Both are faster and more secure than sending a check. The main difference between a wire and an ACH credit transfer is the way through which the funds are processed.
When banks send a wire, they transfer the funds electronically through a particular banking network such as Fedwire or SWIFT.
For an ACH credit transfer, the funds are also sent electronically and are processed through a network called the Automated Clearing House network. ACH credit transfer may not be a familiar term in the U.S., but it is in fact a common way of sending money. For example, when an employer makes a direct deposit into an employee’s bank account for a paycheck, those funds are deposited via ACH credit transfer.
Most banks are able to send both domestic wire and ACH credit transfers, but please check with your bank to confirm if they are able to do so. Flywire is able to receive both types of transfers.