How to Wire Transfer Money
One of the fastest ways to transfer money between two parties is to wire transfer money. A wire transfer allows you to send money quickly and securely. The sender is required to provide information about the bank or institution receiving the funds.
While a wire transfer requires you to pay a fee, the funds can be moved within a day. Wire transfers can offer a reliable alternative to writing checks or sending money orders.
Sending a Bank-to-Bank Wire
Transfer Learn about wire transfers. A wire transfer is an electronic method of transferring funds from one person or company to another. One common method of sending a transfer is from one bank to another. Assume that Person A wants to send money to Person B. Person A would begin by submitting instructions to his or her financial institution. The instructions would typically include the recipient's bank name,
The instructions
To send a wire transfer, the sender provides information on the receiving party’s financial institution to their own bank. Once the transfer is complete, the sender’s bank provides a confirmation number documenting the transfer.
ABA number, the recipient’s account number and the amount being sent. Assume that Person A wants to send money to Person B. Person A would begin by submitting instructions to his or her financial institution.
The ABA number
