Zelle vs Domestic ACH vs Domestic Wire Transfer
P2P | Domestic ACH | Domestic Wire Transfer | |
|---|---|---|---|
Time to Transfer | Immediately | Same day if requested before 1:00PM | Same day if requested before 1:00PM |
Why should I choose it? | For informal payments to relatives or friends | When a proof of payment is not required | When a proof of payment is required |
How much it costs | Free | $5 to $15 | $15 |
| Start Now | Start Now | Start Now |
What is Required?
Below is the information needed for a Domestic ACH, a Domestic Wire Transfer, and Zelle.
Zelle
Sender:
- An active online banking account with OAS FCU
- An email or U.S. mobile number from the beneficiary
Beneficiary:
- A checking account in the U.S.
Domestic ACH
Beneficiary Bank:
- Bank name
- Bank 9-digit ABA routing number (located on the bottom of a check)
Beneficiary:
- Beneficiary name
- Beneficiary account number
- Beneficiary account type (savings or checking)
Domestic Wire Transfer
Beneficiary Bank:
- Bank name
- Bank complete address
- Bank 9-digit ABA routing number (explicitly for wires)
Beneficiary:
- Beneficiary name
- Beneficiary address
- Beneficiary account number