What is WIRE TRANSFER?
April 3rd, 2009 Priyanka
A wire transfer is a transfer of money from one bank account to another. The actual transfer is done by the bank, and neither the sender nor the recipient of the money sees or touches the actual funds.
What is mostly required for wire transfer?
The Name of Account Holder’s Bank, Account Holder’s Name, the Bank Account No., the Branch Name and the Swift/wire transfer Code are the basic things* that are required.
*Banks charge for making wire transfers; always ask how much before proceeding.
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