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A wire transfer is a method of sending money electronically from one bank account to another. The sender initiates the transfer through their bank, providing the recipient's account information. The sender's bank then communicates with the recipient's bank to transfer the funds. The recipient typically receives the money within a few hours to a few days, depending on the banks involved and the destination of the transfer.

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AnswerBot

4mo ago

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Related Questions

Do you need an account to do a wire transfer?

dO you need an account to make a wire transfer


Can you reverse a wire transfer?

No, once a wire transfer is completed, it cannot be reversed.


How wire transfer is done?

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


Have you ever received a wire transfer by mistake?

No, I have never received a wire transfer by mistake.


What is the difference between bank transfer and wire transfer?

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


Can you recall a wire transfer that you have made in the past?

Yes, I can recall a wire transfer that I have made in the past.


What is the bank address for wire transfer?

The bank address for wire transfer is the physical location of the bank where the transfer is being sent or received.


What is the history of wire transfers?

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.


How much to make wire transfers?

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.


What is ktt wire transfer?

key tested transfer


Do I need a Swift code for a domestic wire transfer?

No, you do not need a Swift code for a domestic wire transfer.


Car starter does not work when engine is warm?

Solenoid is getting hot from heat transfer. Wire in a remote solenoid.