Date Wire/ ACH transfer is expected 4. Amount of Wire/ ACH transfer 5. Student Name and ID number listed on the Wire/ ACH NOTE: Wire transfers usually incur extra bank fees and should be used only in ...

Investopedia / Ellen Lindner Both Automated Clearing House (ACH) transfers and wire transfers are forms of electronic fund transfers (EFTs), but there are a few key differences between them.

ACH payments take longer than wire transfers, but they cost significantly less money. ACH payments are useful for many situations, such as paying your bills or sending money to someone.