ACH (Automated Clearing House)

• Use case: Suitable for domestic payments within the U.S., such as payroll, recurring bills, or vendor payments.

• Processing time: Typically 1–3 business days; may be delayed on holidays or non-business days.

• Operational notes: For U.S. bank accounts only; ensure the recipient’s name, account number, and bank details are entered correctly; suitable for non-urgent payments; the reference field is mandatory, otherwise the funds may not be credited.

Wire (Wire Transfer)

• Use case: Suitable for large payments, such as contract settlements or supply chain payments.

• Processing time: Typically 1–3 business days; may be delayed on holidays or non-business days.

• Operational notes: Complete and accurate recipient information (name, account number, bank code, etc.) is required; suitable for urgent or high-value transactions.

SWIFT (Society for Worldwide Interbank Financial Telecommunication)

• Use case: For interbank or cross-border payments, supplier settlements, or international collections.

• Processing time: Typically 1–7 business days, depending on the banks and holidays.

• Operational notes: Full beneficiary details including SWIFT/BIC code are required; note potential delays due to intermediary banks and currency conversions.

Fedwire (Federal Reserve Wire Network)

• Use case: For large-value real-time payments, inter-company settlements, or bank-to-bank transfers within the U.S.

• Processing time: Real-time settlement; may be affected by U.S. Federal Reserve holidays.

• Operational notes: Only available for Federal Reserve member banks in the U.S.; suitable for time-sensitive large payments that require immediate settlement.

💡 Note:

Select the appropriate payment method based on urgency, beneficiary location, and transaction type. Always verify all beneficiary and bank information prior to submission to mitigate settlement delays or payment failures.