This blog deals with how wire transfers can help an advertising agency.
As far as an advertising agency is concerned, its success does not just depend on its creative campaigns or the impact on a client’s brand. It is also tied to something more important, which is timely payments. For an advertising agency that may have tight deadlines, international collaborations, and large-scale budgets, traditional payment methods are not always reliable.
Is there any faster, more reliable solution?
Of course, yes. Zil.US offers wire transfers that allow agencies to send and receive payments swiftly.
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Wire Transfer for International Transactions
An advertising agency may have several international clients as well as partners to whom they may have to make payments routinely. Here are some common challenges that they might face.
- International transactions via traditional methods can take days or even weeks to get delivered. This may cause operational disruptions.
- Traditional payment methods may not offer high-security features, making them vulnerable to fraud.
- Tracking international transactions is not that easy as most providers do not offer such a facility.
With Zil.US, you can send international transactions quickly and securely. The platform’s international wire transfer feature guarantees that your payment has reached the right person no matter where they are. For making an international wire transfer, you may need a SWIFT or IBAN code.
Another benefit of making international wire transfers with the cloud-based platform is that it allows you to track your money. That is, you can have a whole idea of where your money is going just by sitting at home.
Wire Transfer for Domestic Transactions
Along with international transfers, an advertising agency may have to make a number of domestic transfers as well. Similar to international transfers, domestic transfers also come with certain challenges. Let’s look at what those are.
- Just like international payments domestic payments should also be paid on time, that too with utmost security. Delayed payments can negatively affect your business operation.
- Managing multiple payments to different clients and partners is complex, especially using traditional payment methods.
- Manual methods are vulnerable to errors, causing frustration for both the agency and the recipient.
Domestic wire transfers from Zil.US can solve almost all these problems. The platform allows you to make payments on time and with high security. Unlike international wire transfers, domestic wire transfers only require a routing number and account number to process.
Moreover, the cloud-based platform allows you to make any number of domestic wire transfers without any limit. All you need is a single subscription to the platform.
You can also integrate the platform with your accounting software. This allows you to directly import data from your accounting software to the cloud-based platform. That is, you no longer have to manually enter data, which helps you in avoiding any human errors and mistakes.
Make Wire Transfers Easily with The Fee-Free Checking Account
Zil.US offers you a fee-free checking account with which you can send wire transfers without any additional costs. The platform offers a checking account that has no initial fees, monthly fees, or any other hidden charges.
A checking account with no initial fees means the agency can open an account without worrying about the initial investments that are usually needed. This is especially beneficial for start-up businesses. With no monthly fees and hidden charges, agencies can stay cool without getting stressed by all those fees that come with a traditional checking account, which can eat up their profits.
Moreover, the cloud-based platform’s checking account does not demand and minimum deposit or minimum balance. This allows an advertising agency to maintain financial agility without the pressure of keeping capital in account. It also enables them to allocate funds to unexpected fees without any stress.
Wire Transfer vs ACH Transfer
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Wire transfers are processed via wire networks such as FedWire, whereas ACH transfers are processed via the ACH network, which is monitored by NACHA.
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Wire transfers are usually faster than ACH transfers, with most domestic transactions completed within a few hours or the same day.
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Wire transfers usually cost more than ACH transfers because of the added convenience and speed.
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Wire transfers are processed individually and directly between the participating financial institutions. On the other hand, ACH transfers are processed in batches, which allows you to send multiple payments at a time.
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Wire transfers are ideal for making large, urgent payments, whereas ACH is ideal for making recurring and small payments.
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You can make both wire transfers and ACH with Zil.US at a reasonable cost.
Conclusion
With Zil.US, an advertising agency can solve all their problems related to payments. The platform’s international and domestic wire transfer allows agencies to make payments no matter where their payee is. The fee-free checking account offered by the platform helps the agency to reduce its operational costs.
