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Money wires are electronic transfers of funds from one person or entity to another. The sender initiates the transfer through a bank or money transfer service, providing the recipient's information and the amount to be sent. The funds are then electronically transferred to the recipient's account, usually within the same day. Fees may apply for the service, and both parties must have accounts with the same financial institution or a compatible service for the transfer to be successful.

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5mo ago

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Can you explain how bank wires work?

Bank wires are a way to transfer money electronically from one bank account to another. The sender provides their bank with the recipient's account information and the amount to be transferred. The bank then sends the money to the recipient's bank account, usually within one business day. There may be fees associated with bank wires, and both the sender and recipient must have bank accounts to send and receive the funds.


Who wires money?

Germany Kreissparkasse Gross-Gerau to Wells Fargo Banj


Can a mortgage company keep the unused portion of insurance claim money when the job is completed and inspected in FLORIDA?

The answer is on most occasions, No, they can not keep your money. The only times where I have seen them not release the money is if you are behind on your mortgage payments and in that case they may be able to apply any surplus money to your balance. If you refer to your mortgage doc's you will actually see an area in the docs where they discuss your situation and explain how the process will work. Even in many cases where you may fall behind on the mortgage they will still need to release money for the work that was done. I recommend examining your doc's to see exactly how this will work in your situation.


Can you explain how overdrafts work in banking?

An overdraft occurs when you spend more money than you have in your bank account. The bank covers the difference, but charges you a fee for this service. You then owe the bank the amount of the overdraft, plus the fee.


What are non-examples of money?

A barter system uses no money. A volunteer does not work for money.

Related Questions

Can you explain how bank wires work?

Bank wires are a way to transfer money electronically from one bank account to another. The sender provides their bank with the recipient's account information and the amount to be transferred. The bank then sends the money to the recipient's bank account, usually within one business day. There may be fees associated with bank wires, and both the sender and recipient must have bank accounts to send and receive the funds.


Explain the derivative functions of money?

Explain the derivative functions of money?


Could you explain this business philosophy the harder you work the luckier you get?

It means that the more you work, the easier it is for you to get to the top. When you are at the top, they work less but make the most money.


Who is a person who wires for money?

An electrician


What do you call people who wires money?

liams


Why did the repair man leave wires coming out of your ac unit?

well is he soppose to come back and work on it again? Or he was a fake and just took your money...


Explain the proverb 'a little wisdom is better than a lot of wealth?

You need to work on the premise 'Money can't buy you brains'.


Wages or money paid to a person?

A stripend is defined as being a set amount of money or wage paid to a person for work that they have performed. This can also be used to explain a sum of money paid to a person for living expenses.


How do wires work?

they carry a flow of electricity


Explain how your work experience training and skills can contribute to the type of position you are seeking?

explain about ur work


Explain how different monetary policies affect the money supply in the economy?

"Explain how different monetary policies affect the money supply in the economy?"


Are we slave to money?

Yep. DEBATING_Girl: Explain how and why!