Wire transfer

A wire transfer is an electronic method of sending money directly from one bank account to another. It’s a fast, secure way to transfer funds—often completed within a day—used for various transactions like paying for a house, sending business payments, or personal transfers. The process involves providing banking details, and the banks coordinate the transfer through secure networks. Wire transfers are reliable, immediate, and typically incur a fee, making them suitable for large or urgent transactions where speed and security are important.