What is a wire transfer of money?

Answer Wire transfers are used every day to send and receive money. There are multiple methods and uses for wire transfers of money. Companies such as Western Union and other financial institutions such a... Read More »

Top Q&A For: What is a wire transfer of money

How to Wire Transfer Money?

One of the fastest ways to transfer money between 2 people’s accounts is to wire transfer money. A wire transfer is commonly used to pay the sale price during a real estate transaction or to send... Read More »

What is an incoming wire transfer?

Wire transfers send money from one party to another electronically. This process ensures safety by excluding physical money from the transaction. Payment processors execute stringent security check... Read More »

What is the fee for a bank wire transfer?

The fees assessed by banks for wire transfers vary from institution to institution. As of December 2007, the average cost of fees assessed by banks ranged from $10 to $25, according to Investopedia... Read More »

What is a wire transfer of funds?

A wire transfer is a way for banks and other financial institutions to send money to one another electronically, usually in response to a client's request. Most banks and brokerages can process wir... Read More »