Different rails for USD local collection

There are generally two types of local payment methods in the United States: FEDWIRE and FEDACH.

FEDWIRE and FEDACH are electronic payment systems managed by the U.S. Federal Reserve System, used for domestic payments and fund clearing within the United States. FEDWIRE is primarily used for processing large-value, real-time U.S. dollar payments, while FEDACH is used for processing batch payments of smaller amounts. These systems provide secure, reliable, and efficient means of conducting payment transactions within the United States.

The table below provides a detailed guide on the transaction methods when using local payment in the United States, applicable to both corporate and individual users.

Please note that for individual users, the available collections methods are limited to FEDACH and SWIFT.