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What type of transaction is used to receive money from USA?

What type of transaction is used to receive money from USA?

Updated over a week ago

Your CiNKO dollar bank account allows you to receive money through the following methods:

  • ACH Transfer: An electronic transfer between banks and credit unions in the United States. If you are receiving funds this way, you should inform the sender to always select ACH to avoid higher fees. The CiNKO fee for this method is $1.00.

  • Wire Transfer: An international wire transfer that may involve one or more intermediaries along the way. If the transfer is processed as Wire instead of ACH—either by the sender or the bank—it will be subject to a $15 CiNKO fee.

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