https://deu.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

Übersetzung – Kunst und Geschäft » Money matters »
ACH Deposit
Initiator des Themas: Mahalia Acapandié
Mahalia Acapandié
Mahalia Acapandié
Frankreich
Local time: 02:06
Englisch > Französisch
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
Niederlande
Local time: 02:06
Mitglied (2006)
Englisch > Afrikaans
+ ...
@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
Portugal
Local time: 01:06
Dänisch > Englisch
+ ...
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
Frankreich
Local time: 02:06
Englisch > Französisch
THEMENSTARTER
Thanks Jan 8

Thank you Samuel and Thomas for your replies
 


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

Moderatoren dieses Forums
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
» Denmark Says Post-Editing Is Not Translation
(0 comments)
» How Question Answering Can Transform AI Translation Evaluation
(0 comments)
» Key trends in the translation industry in 2025
(0 comments)


Forum rules
Help and orientation




Trados Business Manager Lite
Create customer quotes and invoices from within Trados Studio

Trados Business Manager Lite helps to simplify and speed up some of the daily tasks, such as invoicing and reporting, associated with running your freelance translation business.

More info »
CafeTran Espresso
You've never met a CAT tool this clever!

Translate faster & easier, using a sophisticated CAT tool built by a translator / developer. Accept jobs from clients who use Trados, MemoQ, Wordfast & major CAT tools. Download and start using CafeTran Espresso -- for free

Buy now! »