By Wire Transfer. The Process, Costs, Security, and Speed of Wiring. Lewis is a retired corporate executive.
A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash office.
A wire transfer is an electronic transfer from one bank or credit union to another.
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A wire transfer happens from one bank to another. With a wire transfer, you can send tens of thousands of dollars at once and convert that money into a foreign TransferWise is different. A "sender" would give a payment to a telegraph operator in one office.
