Wire Transfer

A wire transfer is an electronic transfer of funds from one bank account to another, typically used for sending money internationally or for large transactions.

Wire transfers are a fast and secure way to send money, but they often come with fees that can vary depending on the bank and the destination country.

To send a wire transfer, you’ll need to provide the recipient’s bank account information, including the account number, the bank’s name and address, and the SWIFT code (a unique identifier for the bank). Wire transfers are typically processed within a few business days.

• Related Terms: Electronic Funds Transfer, Bank Account, International Transfer, SWIFT Code, Remittance