To make a donation through a ACH or Wire transfer, please contact us at donate@st-andrews.ac.uk or +44(0)1334 461906.
Wire transfers are used to transfer funds directly from one bank account to another often requiring only an account and routing number. Funds also land once the wire goes through assuring the payee obtains the funds sooner. Please note that once funds have been wired, because of the immediacy, recalling erroneous transactions is much more difficult, involving bank investigations and service fees.
ACH stands for Automated Clearinghouse (not to be confused with Publishers Clearing House), a network of banks that are batching transactions between them. It is also known as “direct deposit.” ACH transfers are generally done in groups or batches and can take anywhere from a few hours to several days to be completed. ACH transfers are lower cost than wire transfers but they land in the payee’s account later. ACH is also a US only network, thus not available to payees outside the United States.