1. Total costs for an ACH = $3.00 Total costs for a wire transfer = $30.00 Annual earning rate = 2% Wire transfer accelerates funds three days faster than an ACH

A What is the break-even wire transfer amount?

B)What is the $ benefit of using wire if the transfer amount is $250,000?

Answer rating: 100% (QA)

A To calculate the breakeven wire transfer amount we need to determine the point at which the cost o... View the full answer