09-23-2019 01:36 PM - edited 09-24-2019 06:20 AM
09-24-2019 07:20 AM
10-19-2019 12:02 AM
A wire transfer is an electronic transfer of money. A traditional wire transfer goes from one bank or credit union to another using a network such as SWIFT or Fedwire. But the term wire transfer gets used for other types of transfers as well, so clarify the requirements if somebody asks for a wire transfer.