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Bank Wire Transfer

Bank wire transfer is a method of electronically moving funds from one bank account to another, whether domestically or internationally.

Bank Wire Transfer Overview

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Bank wire transfer is a method of electronically moving funds from one bank account to another, whether domestically or internationally. Using this method to requires the recipient’s personal and financial details, including the name, bank account, address, bank name, and even the ABA routing number. This option is preferred by many when transferring funds domestically because such transactions get completed quickly. It is also considered safer compared to using checks. Wire transfers, however, cost money. And users moving funds using this method to another country will have to pay a larger price.