We accept Wire Bank transfer or B2B
When you need to send a large sum of money – for example, you’re closing in on a new piece of real estate for your company and want to pay the deposit – bank wire transfers can be ideal. Fast, secure, and reliable, wire transfers are an excellent tool for sending or receiving money safely. So, what is a wire transfer?
Wire transfer meaning
A wire transfer is an electronic transfer of money that enables people based in different locations to safely transfer funds to financial institutions and locales all around the world. No physical money is ever actually exchanged between the two banks, just information. There are many different networks that enable bank wire transfers, including the Federal Reserve Wire Network, the SWIFT network, and CHAPS (Clearing House Interbank Payments System). The term “wire transfer” stems from the fact that banks used to rely on telegraphic wires to complete this kind of money transfer.
How does a wire transfer work?
From the sender’s perspective, the wire transfer process is relatively simple. You’ll simply head into your local branch, speak to a teller, and follow their instructions. Alternatively, you can log into your online banking account and complete the bank wire transfer there. But what’s really happening when you ask to move your funds – how does a wire transfer work?
Essentially, after the sender pays for the transaction at their bank, the sending bank sends a message to the recipient’s bank through a secure system …
You can learn more about Bitcoin in this short introductory video from Youtube.com: