Which statement describes the difference between ACH transfers and wire transfers?

Which statement describes the difference between ACH transfers and wire transfers?

• A. ACH transfers are typically slower and batch-processed; wire transfers are faster and often more immediate.
• B. ACH transfers are always international; wire transfers are domestic only.
• C. Wire transfers do not require bank clearance; ACH transfers require credit checks.
• D. Both are the same in speed and cost.

Answer: (A)