What's the difference between ACH, EFT & Wire Transfer payments?
I do minimal work with accounts receivable, and oft get confused (and really dislike consulting the boss who will look at me like I have fourteen heads).
When clients want to pay via EFT (electronic funds transfer) I understand that. Our company has two methods of transfer that they permit me to use:
ACH (automated clearing house) or Wire Transfer.
What is the difference between all of these?