The main difference between an Electronic Funds Transfer (EFT) and a Wire transfer is how the funds are transferred.
An EFT transaction goes through an Automatic Clearing House (ACH) and can take three to five business days to process. Typically direct deposits and electronic bill payments use this channel. There aren't any associated fees and you can set these up as an external transfer in Online Banking.
A Wire transfer goes through the Federal Reserve's system and has variable timelines, based on the request time and destination. We process domestic wires (destination account is within U.S.) within the 1-2 business days and foreign wires (destination account outside U.S.) take a minimum of 2 business days. Online wire requests before 12pm PT, and branch wire requests before 2pm Monday - Friday are initiated on the same business day. Outgoing domestic wires have a $20 fee and outgoing foreign wires have a $50 fee. Incoming wires to a First Tech account, regardless of where they originate, incur a $5 fee.