What’s the difference between ACH and wires?

ACH (ABA) payments, also known as electronic fund transfers, are the most common payment method in the US. They’re usually free, or cost a lower fee for your sender, and they typically take 1–3 working days. 

ACH is commonly used for salary, direct deposits, platform earnings, and any non-urgent payment. 

Wire payments, also known as domestic wires, are faster, but are usually more expensive than ACH. Wires typically cost 20-30 USD for the sender. Wires typically arrive within 1 working day. 

Wires are commonly used for large or urgent payments such as for real estate, car purchases, or large investments.