What is a bank transfer?
A wire transfer is a general term used to describe the transfer of funds from one bank account to another. Whether nationally or internationally. Bank-to-bank wire transfers allow consumers to transfer money electronically. Specifically, they allow money to be transferred from an account with one bank to an account with another institution. If you've never used this service before, it might seem a bit confusing. If you need help understanding how it works, here's what you need to know about bank transfers.
