Question

what is a major drawback of using wire transfers compared to ach transfers? select an answer from the options below. a higher fees b slower processing time c more security risks d limited to small transactions

Explanation:

Wire transfers typically involve higher fees compared to ACH transfers. ACH transfers are often used for lower - cost, batch - processed transactions. Wire transfers, on the other hand, are usually real - time or near - real - time and come with higher costs. Slower processing time (B) is incorrect as wire transfers are generally faster. Wire transfers are not necessarily more risky (C) than ACH in terms of security. And wire transfers are not limited to small transactions (D).

Answer:

A. Higher fees