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November 28, 2011, 12:44am
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Is it possible to send business to business ACH transactions internationally? I don’t really know the first thing about sending ACH transactions, and even less about doing them internationally. Anyone know anything?
I don’t believe there’s a direct equivalent to ACH, but for international bank transfers in general here’s a start:
Wire transfer, bank transfer, or credit transfer, is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash office.
Different wire transfer systems and operators provide a variety of options relative to the immediacy and finality of settlement and the cost, value, and volume of transactions. Central bank wire transfer systems, such as the Federal Reserve's Fedwi...