ACH vs Wire Transfers — What’s the Difference?
You can withdraw funds via ACH (free, 1–3 business days) or wire (faster, but your bank may charge a fee)
|
Transfer Type |
Speed |
Cost |
Best For |
Limit |
|
ACH |
1–3 business days |
Free |
Routine withdrawals, recurring cash needs |
$250,000/day |
|
Wire |
Same-day if submitted before cutoff |
$20–$35 (charged by your bank) |
Time-sensitive or high-value transfers |
None |
Key Notes:
- All transfers must come from settled cash (not funds still in investment)
- Third party wire transfers require signed authorization
- ACH & Wire cutoff is 3pm ET