Quote from: 100%digital on April 05, 2013, 03:42:16 PM

ACH vs Wire? ...both are equal in my limited understanding of bank transfers, any insight? both are serviced from same allocated funds ...on your end?

ACH (aka as Direct Deposit). We charge no fee. Transit time is ~3 banking days (excluding weekends and bank holidays).

Bank Wire is a faster fund transfer method. We charge a $20.00 fee for bank wires. Funds general post to your account the same day although wires after ~3PM EST may not post to your account until the next day. The hard cutoff is 4PM EST, orders for wires which confirm after 4PM EST (or on weekend or bank holiday) will be sent the next business day. Your bank may charge a fee for receiving a wire (varies by bank, many don't). Some banks use a different routing number than checks/ACH for Bank Wires so verify with your bank the proper routing number for bank wires. When getting information from your bank about bank wires ALWAYS use the words "BANK WIRE" and nothing else. Don't use any other terms (like "fund transfer") as it likely will confuse the employee and they may give you incorrect information on ACH, which is more common for consumer transactions. Bank Wires generally make sense on larger transactions ($20 fee on $10,000 is more economical than a $20 fee on $400) where the quick results are often worth the price ($20 vs wondering about your funds for 3-5 days).

Simple version:
ACH = slow & free
Bank Wire = fast & "expensive" (although we have the lowest bank wire fees around).