There are two ways to wire money: through a bank or through a wire service.
How wire transfers workThe process of initiating a wire transferWire transfers typically come in two forms: a transfer between banks or through a money service, like Western Union.
In general, a bank account wire transfer tends to cost less than using a service like Western Union.
A wire transfer is a secure, electronic transfer of funds from one bank account to another.
It's always good practice to review the recipient's information before initiating a wire transfer, and only send money to people you trust because it's difficult to reverse or cancel a transfer.
Persons:
Cheryl Lock Cheryl Lock, Read
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Western, Union, ABA, U.S, Network, USA, Forbes, MarketWatch, Twitter, LinkedIn
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Western Union, Union, U.S, Denver