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dO you need an account to make a wire transfer

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dO you need an account to make a wire transfer

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How a wire transfer is done? Can the person be traced through a receipt?

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A wire transfer is from one bank to another. A bank transfer is a transfer from one account to another at the same bank.

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Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office.

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The amount varies. It can be free (if it is interbank funds transfer) and it can be as low as $5 for a domestic wire transfer to as high as $75 for an international wire transfer using SWIFT. Typically, international wire transfers will average about $25 per transfer.

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