Different types of EFT payments have their own sets of pros and cons, and often, you won’t have a choice regarding which one is used. For example, direct deposits from your employer will come through ACH. However, you may receive a wire transfer from a mortgage company or bank when you sell your house. If you do have the choice between ACH or debit and credit card options for an electronic payment, you should consider things like speed and security of payment, as well as any associated charges, to make the right decision for your situation.