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ACH Deposit
Auteur du fil: Mahalia Acapandié
Mahalia Acapandié
Mahalia Acapandié
France
Local time: 04:56
anglais vers français
Jan 7

Hello,

A customer is offering me a choice of payment methods.
Would anyone know if the ACH Deposit on a US bank account is more advantageous than a Wire Transfer?
Since I am based in France, I imagine it would be possible to make an ACH deposit on a $ account number generated on Wise.

Thank you in advance for your help.

Thomas T. Frost
 
Samuel Murray
Samuel Murray  Identity Verified
Pays-Bas
Local time: 04:56
Membre (2006)
anglais vers afrikaans
+ ...
@Mahalia Jan 7

Mahalia Acapandié wrote:
Would anyone know if the ACH Deposit on a US bank account is more advantageous than a Wire Transfer?

It is my understanding that an automated clearing house deposit is slower but much cheaper.

Jorge Payan
 
Thomas T. Frost
Thomas T. Frost  Identity Verified
Portugal
Local time: 03:56
danois vers anglais
+ ...
Yes Jan 7

Mahalia Acapandié wrote:

Hello,

A customer is offering me a choice of payment methods.
Would anyone know if the ACH Deposit on a US bank account is more advantageous than a Wire Transfer?
Since I am based in France, I imagine it would be possible to make an ACH deposit on a $ account number generated on Wise.

Thank you in advance for your help.


Absolutely. I do ACH from a US client into my USD Wise account every month (via Veem, which is configured to forward all funds automatically to my USD Wise routing/account number at no cost). Wire costs a fortune, so I avoid it. I wanted to say I avoid it at all cost, but that would be nonsense. 😂

This way, I receive the full USD payment without any fees. Only when I change it to EUR does it cost around 0.5%, and if you choose the moment to change wisely by observing the market rates, you can end up gaining a few hundred dollars/euros a year (depending on volume, of course).

It takes 3-4 banking days for ACH to clear, but that's an inconvenience worth accepting.

Camila Milet Leal
 
Mahalia Acapandié
Mahalia Acapandié
France
Local time: 04:56
anglais vers français
AUTEUR DU FIL
Thanks Jan 8

Thank you Samuel and Thomas for your replies
 


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ACH Deposit







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