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Thread: How do wire transfers work?

  1. #1
    Junior Member
    Join Date
    Oct 2011

    How do wire transfers work?

    How do wire transfers work? I've heard they work within seconds and count as real money. Sometimes it has a bit more of a fee along with it, what do you think about wire transfers? And what are some advantages to using wire transfers to exchange money?

  2. #2
    Wire transfers are a safe way to move high amounts of money from one account to another. After filing a form and faxing it to the federal reserve about an hour beforehand, the wire transfer is ready. The wire transfer is a fast means of wealth transfer between parties.. Does that help answer your question?

  3. #3
    Junior Member
    Join Date
    Apr 2013
    Wire transfer is a process where money transfer is done with electronic way. As per my knowledge wire transfer has become a very popular method of payment for banking transactions such as credit card balance transfers, personal account management.There are some advantages of Wire Transfer is very easy and secured way of transfering money. There are different online services available for Wire Transfer.

  4. #4
    Junior Member
    Join Date
    Jun 2013
    It is a method of electronic funds transfer from one person or institute to another. It is the immediate, safe, and reliable way to transfer funds.

  5. #5
    Wire transfer is the best method to transfer money online. It is a way through which money is transferred to other person through electronic funds transfer. Wire transfer is the most quick, secured and reliable way of transferring funds online.

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