Cryptocurrency Q&A
Can you use a SWIFT code for ACH payments?
Can you use a SWIFT code for ACH payments?
CryptoAce
Fri Nov 29 2024
|
7
answers
1215
I'm wondering if it's possible to utilize a SWIFT code for making ACH payments. I know SWIFT codes are typically used for international wire transfers, but I'm curious if they can also be applied to the ACH payment system.
7 answers
CryptoKing
Sun Dec 01 2024
ACH and SWIFT serve distinct purposes in the financial world.
Was this helpful?
335
97
Maria
Sat Nov 30 2024
It facilitates the transfer of information about financial transactions between banks worldwide.
Was this helpful?
234
97
SejongWisdomKeeperEliteMind
Sat Nov 30 2024
ACH stands for Automated Clearing House and is primarily utilized for payments within the United States.
Was this helpful?
366
84
KatanaSharpened
Sat Nov 30 2024
It is a network that allows for the electronic transfer of funds between banks.
Was this helpful?
68
67
Chiara
Sat Nov 30 2024
While ACH focuses on domestic payments, SWIFT is designed to handle cross-border transactions.
Was this helpful?
119
49
Load 5 more related questions
