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That is considered an ACH transfer, which is the same way that you normally fund your Dwolla account. A wire transfer allows larger amounts and is much quicker
by noxryan 13y ago
That is considered an ACH transfer, which is the same way that you normally fund your Dwolla account. A wire transfer allows larger amounts and is much quicker but usually has significant fees attached to it. ( As well as some other differences)
http://en.wikipedia.org/wiki/Automated_Clearing_House http://en.wikipedia.org/wiki/Automated_Clearing_House
http://en.wikipedia.org/wiki/Wire_transfer http://en.wikipedia.org/wiki/Wire_transfer
- continuations 13y agoSo can I transfer money into my Dwolla account with ACH, and then wire transfer that money to someone's bank account (possibly oversea)? That way the whole process would be free.
- noxryan 13y ago"Dwolla now supports wire transfers for deposits." It looks like wire transfer is only supported for depositing money into Dwolla.