is ACH (EFT, EBT) less secure than wiring?

Hi,

I am wondering is ACH less secure than wiring? In case of wiring, it does pennies first to make sure the receiver is correct, is ACH the same? Say in case I put a wrong account number, what's happening in this case?

Thanks

1 Answer

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  • 1 decade ago
    Best Answer

    ACH is just a different way of sending money. Wire transfer is older, more mature and much more manual. If you do an ACH, your money usually moves at end of day. Wire is done immediately.

    Either is safe.

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