Start with TAPN's report EFT Definitions and Comparative Cost. That will give you the basics. Then talk to your bank about their ACH (automated clearinghouse) services and fees. You may find more information on ACH from NACHA, the electronic payments association, at www.NACHA.org. Wire transfers, as you will see in the report above, are expensive and typically used only for very high-dollar transfers. Again, talk to your bank.
Have more questions? Submit a request