Anonymous
Anonymous asked in Business & FinanceOther - Business & Finance · 1 decade ago

What is the difference between ACH, bank transfer, and wire transfer?

What is the difference between ACH, bank transfer, and wire transfer, and are their any complications or hefty charges with any of them when receiving payment from USA to UK, or from the UK within the UK?

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  • 1 decade ago
    Best Answer

    ACH (automated clearing house) is a driect deposit or direct withdrawal from your account. It could pertain to payroll or if you want a bill to be paid, for example like a cable bill your bank will automatically take it out of your account each month on that day.

    Bank Wire Transfer is Bank to Bank transactions with the federal reserve in the middle.

  • 4 years ago

    Education is good, because it teaches you how to learn, how to discipline your mind. Knowledge for a Christian is knowing the word, knowing your God, His nature, His will, His outlook on things. Wisdom is looking at things from God's perspective and putting them into action. Knowledge is great, but too much of it can puff you up if you don't counteract it with fruit of the Spirit. Ever know a person who's very knowledgeable, but has no temperance and no love? Their knowledge is almost useless in the long run. But wisdom? You find that and your soul shall live, because when you find wisdom, you find the way God Himself looks at a situation. Proverbs 3: By wisdom the Lord laid the earth’s foundations, by understanding he set the heavens in place; by his knowledge the watery depths were divided, and the clouds let drop the dew.

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