ACH bank transfers and international payments are two delivery methods that use bank transfers to move money.
Here are the main differences:
What’s an ACH bank transfer?
ACH bank transfer is both a payment and delivery method used to transfer money domestically (within the US) between banks. It can also be referred to by other names, like direct deposit, direct debit, auto-pay, or the generic “bank transfer”.
Businesses use ACH bank transfers for direct payments (ACH debit transactions) or direct deposits (ACH credit transactions). Once cleared, the money is deposited directly into your bank account or the vendor’s account.
To find out more about ACH bank transfer delivery timelines, please see the following guide.
To learn more about Melio's transaction fees, please see the following.
What’s an international payment?
An international payment is used to transfer money to vendors outside the US. Sending this type of payment involves additional functions - from intermediary banks to regulatory networks - to ensure transparency between foreign banks. To find out more about international payment delivery timelines, please see the following guide.
Here, you can find useful guides about international payments:
- What countries are open to international payments through Melio?
- How to make an international payment with a foreign currency?
- What foreign currencies are supported by Melio for international payments?
- How to make international payments in USD
- How to make an international payment with a foreign currency?
You can find out more about the fees for international payments here.