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What is the difference between ACH/SWIFT and Wire bank details?
What is the difference between ACH/SWIFT and Wire bank details?
Max Franke avatar
Written by Max Franke
Updated over 4 months ago

When adding a USD bank account for a US-located bank, you can provide two types of bank account details: ACH/SWIFT or Wire.

To receive Wire transfers, recipients are usually charged a fee of $12 to $20 per received payment. To avoid unnecessary fees on your recipients' side, Request recommends using ACH/SWIFT details where possible.

If you're not sure which details to use, reach out to your recipient.

You can compare all three payment options below:

Feature

ACH*

SWIFT

Wire*

Required Details

Account number,

ACH routing number

Account number,
ACH routing number,

SWIFT/BIC code

Account number,

Wire/ABA routing number
โ€‹

Speed

2-3 business days

5 business days

1-2 business days

Costs for payer (Crypto-to-Fiat with Request)

1%

1%

1%

Costs for recipient

None

Usually none

$12 to $20

*Sending Crypto-to-Fiat payments via ACH and Wire requires a separate verification. Contact [email protected] to get access.

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