Outgoing Bank Transfers to the USA
Automated Clearing House (ACH) payments are a simple and cost effective payment method when sending US dollars to the United States. Automated Clearing House payments cannot be conducted outside the continental United States.
Electronic funds transfer payments within the United States are conducted through the Automated Clearing House (ACH) network, a safe and secure system that connects all US financial institutions.
Transactions can include a direct credit to a specific beneficary account via the ACH network. The funds are electronically debited from the Calforex USD Fifth Third Bank account (held in the United States) in a single batch at a specified time and generally credited to the beneficiary account in 1 to 2 business days. Under most circumstances there are no additional fees for the beneficiary. This type of credit is most effective for regular, low-value payments – for example property fees, funding an existing USD account, etc.