Wires are required at times because they're "good funds" faster - ACH may take up to 6 days to clear in bad cases.
Also, wires can't be reversed (generally). If that's a good or a bad thing is dependent on the transaction and transactors.
Also, wires can't be reversed (generally). If that's a good or a bad thing is dependent on the transaction and transactors.
Big banks will have the money next business day at the latest, Tiny correspondent banks in alaska might be as far behind as an extra day or two.
There's a class of return that's supposed to come within 3 days, (NSF/No Account/Closed Account) that's usually what the banks are waiting for, but fraud related returns can be up to 60 calendars later by the rules.