https://hin.proz.com/forum/money_matters/371141-ach_deposit.html
This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings

अनुवाद - कला व व्यवसाय » Money matters »
ACH Deposit
विषय पोस्ट करनेवाला व्यक्ति: Mahalia Acapandié
Mahalia Acapandié
Mahalia Acapandié
फ्रांस
Local time: 16:22
अंग्रेजी से फ्रांसीसी
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
नीदरलैंड
Local time: 16:22
सदस्य (2006)
अंग्रेजी से अफ्रीकान
+ ...
@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
पुर्तगाल
Local time: 15:22
डेनी से अंग्रेजी
+ ...
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
फ्रांस
Local time: 16:22
अंग्रेजी से फ्रांसीसी
विषय आरंभकर्ता
Thanks Jan 8

Thank you Samuel and Thomas for your replies
 


To report site rules violations or get help, contact a site moderator:

इस मंच के मध्यस्थ
Andriy Bublikov[Call to this topic]
Rita Pang[Call to this topic]
James Heppe-Smith[Call to this topic]

You can also contact site staff by submitting a support request »

ACH Deposit


Translation news
» Rising Leaders: Strategies for the New Generation
(0 comments)
» National Weather Service halts translation services for non-English speakers
(0 comments)
» From the Cat in the Box to the Thought in the Cloud
(0 comments)


Forum rules
Help and orientation




Trados Studio 2022 Freelance
The leading translation software used by over 270,000 translators.

Designed with your feedback in mind, Trados Studio 2022 delivers an unrivalled, powerful desktop and cloud solution, empowering you to work in the most efficient and cost-effective way.

More info »
LinguaCore
AI Translation at Your Fingertips

The underlying LLM technology of LinguaCore offers AI translations of unprecedented quality. Quick and simple. Add a human linguistic review at the end for expert-level quality at a fraction of the cost and time.

More info »