Which statement best describes wire transfers relative to ACH?

Which statement best describes wire transfers relative to ACH?

• A. Real-time transfers are possible only domestically.
• B. A batch-processed transfer that saves time.
• C. Faster and more expensive than ACH
• D. Only domestic transfers

Answer: (C)

Wire transfers are designed for speed and finality, moving funds directly between banks and typically delivering them quickly—often within the same day or even in real time for some networks. Because of this immediacy, they come with higher fees compared to ACH transfers, which move money in batches and are generally slower but cheaper. So the statement that wire transfers are faster and more expensive than ACH best reflects the trade-off: you pay more for speed.

Wire transfers are designed for speed and finality, moving funds directly between banks and typically delivering them quickly—often within the same day or even in real time for some networks. Because of this immediacy, they come with higher fees compared to ACH transfers, which move money in batches and are generally slower but cheaper. So the statement that wire transfers are faster and more expensive than ACH best reflects the trade-off: you pay more for speed.