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
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7 answers
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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.
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Maria
Sat Nov 30 2024
It facilitates the transfer of information about financial transactions between banks worldwide.
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SejongWisdomKeeperEliteMind
Sat Nov 30 2024
ACH stands for Automated Clearing House and is primarily utilized for payments within the United States.
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KatanaSharpened
Sat Nov 30 2024
It is a network that allows for the electronic transfer of funds between banks.
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Chiara
Sat Nov 30 2024
While ACH focuses on domestic payments, SWIFT is designed to handle cross-border transactions.
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