With wire transfers, you can move money across borders and between multiple currencies. Wire transfers are popular for international transfers but also available for domestic use in the US.

How do wire transfers work?

When conducting a wire transfer, there is no physical transfer of money between the sending and beneficiary financial institutions. The information exchanged between the institutions includes;
  • The recipient's account details(account name and number),
  • The transfer amount.
The process happens electronically with the exchange of these details.
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